Geode Capital Management LLC Purchases 8,431 Shares of Hub Group, Inc. (HUBG)

Geode Capital Management LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,345 shares of the transportation company’s stock after buying an additional 8,431 shares during the period. Geode Capital Management LLC owned 0.80% of Hub Group worth $12,636,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. 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 period. Anchor Capital Advisors LLC boosted its position in Hub Group by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 28,341 shares of the transportation company’s stock worth $1,315,000 after buying an additional 94 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Hub Group by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock worth $631,000 after buying an additional 300 shares during the last quarter. Alambic Investment Management L.P. boosted its position in Hub Group by 3.9% in the first quarter. Alambic Investment Management L.P. now owns 7,900 shares of the transportation company’s stock worth $367,000 after buying an additional 300 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Hub Group by 2.3% in the first quarter. Arizona State Retirement System now owns 17,473 shares of the transportation company’s stock valued at $811,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 94.37% of the company’s stock.

Shares of Hub Group, Inc. (NASDAQ:HUBG) opened at 35.45 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of 21.11 and a beta of 1.40. The company’s 50-day moving average is $37.28 and its 200-day moving average is $41.33. Hub Group, Inc. has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Analysts forecast that Hub Group, Inc. will post $1.49 EPS for the current fiscal year.

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Several research firms have weighed in on HUBG. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Cowen and Company boosted their target price on shares of Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Barclays PLC reduced their price target on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Thursday, July 27th. BidaskClub downgraded shares of Hub Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, TheStreet downgraded shares of Hub Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Hub Group currently has a consensus rating of “Hold” and a consensus 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).

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

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