Teachers Advisors LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 459,920 shares of the transportation company’s stock after buying an additional 5,916 shares during the period. Teachers Advisors LLC owned about 1.35% of Hub Group worth $21,340,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in Hub Group during the first quarter valued at approximately $112,000. Ameritas Investment Partners Inc. purchased a new stake in Hub Group during the first quarter valued at approximately $134,000. State of Alaska Department of Revenue boosted its position in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock valued at $171,000 after buying an additional 60 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Hub Group during the first quarter valued at about $203,000. Finally, Teza Capital Management LLC bought a new position in shares of Hub Group during the first quarter valued at about $241,000. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Hub Group, Inc. (HUBG) remained flat at $34.00 during mid-day trading on Tuesday. 184,068 shares of the company’s stock traded hands. Hub Group, Inc. has a 1-year low of $33.17 and a 1-year high of $52.50. The stock has a market cap of $1.16 billion, a P/E ratio of 20.25 and a beta of 1.40. The firm’s 50 day moving average price is $37.87 and its 200 day moving average price is $41.86.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. The business had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. On average, equities research analysts predict that Hub Group, Inc. will post $1.49 EPS for the current fiscal year.
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Several research analysts recently issued reports on the company. Cowen and Company cut their target price on Hub Group from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, July 27th. Barclays PLC cut their target price on Hub Group from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Thursday, July 27th. BidaskClub cut Hub Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Hub Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $44.00 price objective (down previously from $51.00) on shares of Hub Group in a research report on Friday, April 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Hub Group presently has a consensus rating of “Hold” and an average target price of $40.83.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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