Geode Capital Management LLC Has $12.64 Million Position in Hub Group, Inc. (HUBG)

Geode Capital Management LLC raised 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 SEC. 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 about 0.80% of Hub Group worth $12,636,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Hub Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock worth $131,212,000 after buying an additional 99,076 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Hub Group by 3.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 117,673 shares of the transportation company’s stock worth $5,460,000 after buying an additional 3,837 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Hub Group during the first quarter worth approximately $650,000. Anchor Capital Advisors LLC boosted its stake 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 in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of Hub Group by 1.7% in the first quarter. Stephens Investment Management Group LLC now owns 236,662 shares of the transportation company’s stock worth $10,981,000 after buying an additional 4,006 shares during the last quarter. Institutional investors own 93.67% of the company’s stock.

Shares of Hub Group, Inc. (HUBG) traded up 1.98% on Friday, hitting $36.10. 355,038 shares of the stock traded hands. Hub Group, Inc. has a 52 week low of $33.17 and a 52 week high of $52.50. The stock has a 50 day moving average price of $36.99 and a 200-day moving average price of $41.00. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 21.50 and a beta of 1.40.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.08. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same quarter in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Hub Group, Inc. will post $1.48 EPS for the current year.

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A number of brokerages recently weighed in on HUBG. Cowen and Company reaffirmed a “market perform” rating and issued a $41.00 target price (down from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. TheStreet downgraded shares of Hub Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Finally, Stifel Nicolaus upgraded shares of Hub Group from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $45.00 in a research note on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned 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 price target of $40.83.

About Hub Group

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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