Rhumbline Advisers Has $2.64 Million Position in Hub Group, Inc. (HUBG)
Rhumbline Advisers increased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,893 shares of the transportation company’s stock after purchasing an additional 1,795 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Hub Group worth $2,642,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Hub Group by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 258,454 shares of the transportation company’s stock worth $11,993,000 after purchasing an additional 22,156 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 99,076 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Hub Group in the first quarter worth $206,000. Highbridge Capital Management LLC bought a new stake in shares of Hub Group in the first quarter worth $1,166,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Hub Group by 2.0% in the first quarter. Russell Investments Group Ltd. now owns 90,898 shares of the transportation company’s stock worth $4,217,000 after purchasing an additional 1,808 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on HUBG shares. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, July 5th. Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $45.00 in a research note on Tuesday, May 30th. BMO Capital Markets reissued a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a research note on Friday, May 19th. Cowen and Company reissued a “hold” rating and issued a $40.00 price objective on shares of Hub Group in a research note on Monday, August 28th. Finally, J P Morgan Chase & Co started coverage on shares of Hub Group in a research note on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Hub Group has a consensus rating of “Hold” and an average price target of $40.83.
Hub Group, Inc. (NASDAQ:HUBG) opened at 39.45 on Tuesday. The company has a 50-day moving average of $36.50 and a 200 day moving average of $39.73. Hub Group, Inc. has a 12-month low of $33.17 and a 12-month high of $52.50. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 23.50 and a beta of 1.38.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. Hub Group’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. Equities analysts expect that Hub Group, Inc. will post $1.48 EPS for the current fiscal year.
In other news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.36% of the company’s stock.
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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