Whitnell & Co. decreased its holdings in shares of Hub Group Inc (NASDAQ:HUBG) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,983 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Whitnell & Co. owned about 0.11% of Hub Group worth $1,720,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of HUBG. BlackRock Inc. lifted its stake in Hub Group by 3.8% in the second quarter. BlackRock Inc. now owns 5,302,785 shares of the transportation company’s stock valued at $222,610,000 after buying an additional 195,468 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Hub Group by 0.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock worth $136,592,000 after buying an additional 12,053 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Hub Group by 7.0% during the second quarter. Macquarie Group Ltd. now owns 748,547 shares of the transportation company’s stock worth $31,424,000 after buying an additional 49,078 shares during the last quarter. Prudential Financial Inc. increased its holdings in Hub Group by 58.1% during the second quarter. Prudential Financial Inc. now owns 716,104 shares of the transportation company’s stock worth $30,062,000 after buying an additional 263,223 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Hub Group during the second quarter worth $25,715,000. Institutional investors own 91.30% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Stephens set a $53.00 target price on shares of Hub Group and gave the stock a “buy” rating in a report on Friday, September 27th. Zacks Investment Research downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. BidaskClub downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. UBS Group set a $46.00 price target on shares of Hub Group and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley decreased their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Hub Group currently has a consensus rating of “Hold” and a consensus price target of $50.38.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.17. The company had revenue of $913.28 million during the quarter, compared to the consensus estimate of $956.99 million. Hub Group had a return on equity of 11.11% and a net margin of 3.38%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. On average, research analysts forecast that Hub Group Inc will post 3.39 earnings per share for the current year.
In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total transaction of $211,050.00. Following the completion of the sale, the director now owns 67,127 shares of the company’s stock, valued at approximately $2,833,430.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.94% of the company’s stock.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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