Bank of Montreal Can boosted its stake in Hub Group Inc (NASDAQ:HUBG) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,777 shares of the transportation company’s stock after buying an additional 4,962 shares during the period. Bank of Montreal Can owned 0.12% of Hub Group worth $1,475,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. California Public Employees Retirement System lifted its holdings in Hub Group by 6.0% in the 2nd quarter. California Public Employees Retirement System now owns 97,031 shares of the transportation company’s stock worth $4,832,000 after purchasing an additional 5,458 shares during the last quarter. Northern Trust Corp lifted its holdings in Hub Group by 4.8% in the 2nd quarter. Northern Trust Corp now owns 428,146 shares of the transportation company’s stock worth $21,323,000 after purchasing an additional 19,664 shares during the last quarter. Foundry Partners LLC lifted its holdings in Hub Group by 11.2% in the 3rd quarter. Foundry Partners LLC now owns 34,106 shares of the transportation company’s stock worth $1,555,000 after purchasing an additional 3,427 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in Hub Group by 2.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 378,898 shares of the transportation company’s stock worth $17,278,000 after purchasing an additional 10,030 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Hub Group by 205.4% in the 3rd quarter. Alps Advisors Inc. now owns 31,162 shares of the transportation company’s stock worth $1,421,000 after purchasing an additional 20,959 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Cowen boosted their target price on Hub Group from $52.00 to $56.00 and gave the stock a “market perform” rating in a report on Monday, November 5th. BMO Capital Markets boosted their target price on Hub Group from $50.00 to $54.00 and gave the stock a “market perform” rating in a report on Tuesday, November 6th. Stifel Nicolaus upgraded Hub Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $58.00 in a report on Tuesday, November 6th. Finally, Morgan Stanley upped their price target on Hub Group from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, October 29th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hub Group has a consensus rating of “Hold” and a consensus price target of $55.90.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 7th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Hub Group had a return on equity of 11.14% and a net margin of 4.77%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $972.54 million. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Hub Group Inc will post 3.26 earnings per share for the current fiscal year.
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Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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