UBS Asset Management Americas Inc. Has $222,000 Holdings in Cubic Corporation (CUB)

UBS Asset Management Americas Inc. held its stake in Cubic Corporation (NYSE:CUB) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,799 shares of the scientific and technical instruments company’s stock at the close of the second quarter. UBS Asset Management Americas Inc.’s holdings in Cubic Corporation were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CUB. Bessemer Group Inc. acquired a new position in shares of Cubic Corporation in the 2nd quarter valued at $125,000. SG Americas Securities LLC acquired a new stake in shares of Cubic Corporation during the 2nd quarter worth about $208,000. State of Alaska Department of Revenue increased its position in shares of Cubic Corporation by 78.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,919 shares of the scientific and technical instruments company’s stock worth $227,000 after purchasing an additional 2,169 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Cubic Corporation during the 2nd quarter worth about $255,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Cubic Corporation by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,890 shares of the scientific and technical instruments company’s stock worth $273,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

A number of equities research analysts recently issued reports on CUB shares. BidaskClub upgraded shares of Cubic Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity dropped their target price on shares of Cubic Corporation from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 4th. ValuEngine cut shares of Cubic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price (down previously from $52.00) on shares of Cubic Corporation in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $56.67.

Shares of Cubic Corporation (CUB) opened at $53.75 on Friday. Cubic Corporation has a fifty-two week low of $39.58 and a fifty-two week high of $57.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.71 and a quick ratio of 1.41.

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Cubic Corporation Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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Institutional Ownership by Quarter for Cubic Corporation (NYSE:CUB)

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