Nuveen Asset Management LLC Lowers Holdings in Hub Group Inc (NASDAQ:HUBG)

Nuveen Asset Management LLC decreased its holdings in Hub Group Inc (NASDAQ:HUBG) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 707,597 shares of the transportation company’s stock after selling 57,996 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.07% of Hub Group worth $33,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in Hub Group in the 1st quarter valued at about $4,853,000. American International Group Inc. grew its holdings in shares of Hub Group by 4.1% during the 2nd quarter. American International Group Inc. now owns 23,241 shares of the transportation company’s stock worth $1,112,000 after purchasing an additional 905 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Hub Group during the 2nd quarter worth about $747,000. Bank of Montreal Can grew its holdings in shares of Hub Group by 155.8% during the 2nd quarter. Bank of Montreal Can now owns 182,148 shares of the transportation company’s stock worth $8,982,000 after purchasing an additional 110,947 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in shares of Hub Group by 4.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,034,197 shares of the transportation company’s stock worth $49,497,000 after purchasing an additional 43,332 shares during the period. Institutional investors own 90.76% of the company’s stock.

In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $52.84, for a total value of $317,040.00. Following the transaction, the director now directly owns 63,351 shares of the company’s stock, valued at approximately $3,347,466.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.12% of the company’s stock.

A number of analysts have recently issued reports on the company. Stephens boosted their target price on Hub Group from $54.00 to $57.00 in a report on Thursday, July 9th. Cowen boosted their target price on Hub Group from $53.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Barclays boosted their target price on Hub Group from $41.00 to $45.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Hub Group from an “overweight” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Thursday, July 9th. Finally, BidaskClub lowered Hub Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.00.

Hub Group stock opened at $48.70 on Wednesday. The stock’s 50 day moving average price is $52.69 and its 200 day moving average price is $48.11. The firm has a market capitalization of $1.66 billion, a PE ratio of 20.21 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. Hub Group Inc has a one year low of $36.51 and a one year high of $60.42.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.37. Hub Group had a return on equity of 8.34% and a net margin of 2.34%. The company had revenue of $779.24 million for the quarter, compared to analyst estimates of $780.00 million. On average, analysts forecast that Hub Group Inc will post 2.39 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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