Vanguard Group Inc. boosted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,827,867 shares of the transportation company’s stock after buying an additional 99,076 shares during the period. Vanguard Group Inc. owned approximately 8.28% of Hub Group worth $131,212,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after buying an additional 317,119 shares during the period. BTIM Corp. raised its position in shares of Hub Group by 7.4% in the first quarter. BTIM Corp. now owns 545,655 shares of the transportation company’s stock valued at $25,318,000 after buying an additional 37,798 shares during the period. Norges Bank bought a new position in shares of Hub Group during the fourth quarter valued at $22,949,000. Teachers Advisors LLC raised its position in shares of Hub Group by 1.3% in the first quarter. Teachers Advisors LLC now owns 459,920 shares of the transportation company’s stock valued at $21,340,000 after buying an additional 5,916 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Hub Group by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 453,814 shares of the transportation company’s stock valued at $21,056,000 after buying an additional 5,340 shares during the period. 93.67% of the stock is owned by institutional investors.
Shares of Hub Group, Inc. (NASDAQ HUBG) traded up 1.98% during mid-day trading on Friday, reaching $36.10. 355,038 shares of the company traded hands. The firm’s 50 day moving average price is $36.99 and its 200-day moving average price is $41.00. The company has a market capitalization of $1.23 billion, a P/E ratio of 21.50 and a beta of 1.40. 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. Equities analysts predict that Hub Group, Inc. will post $1.48 earnings per share for the current fiscal year.
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Several research analysts have weighed in on HUBG shares. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 target price (down previously from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $45.00 in a research report on Tuesday, May 30th. BMO Capital Markets reissued a “hold” rating and set a $42.00 price target on shares of Hub Group in a research report on Friday, May 19th. J P Morgan Chase & Co assumed coverage on shares of Hub Group in a research report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price target on the stock. Finally, Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Three 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. The stock presently has an average rating of “Hold” and a consensus price target 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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