Schwab Charles Investment Management Inc. Has $10.88 Million Holdings in Hub Group, Inc. (HUBG)
Schwab Charles Investment Management Inc. boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 9.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 283,702 shares of the transportation company’s stock after purchasing an additional 25,248 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.83% of Hub Group worth $10,880,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in HUBG. BlackRock Inc. grew its position in Hub Group by 19,453.7% during the 1st quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after purchasing an additional 5,012,438 shares during the period. FMR LLC grew its position in Hub Group by 10.7% during the 1st quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock worth $151,754,000 after purchasing an additional 317,119 shares during the period. Bank of Montreal Can grew its position in Hub Group by 345.4% during the 2nd quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock worth $9,031,000 after purchasing an additional 182,622 shares during the period. HighTower Advisors LLC grew its position in Hub Group by 472.7% during the 1st quarter. HighTower Advisors LLC now owns 190,203 shares of the transportation company’s stock worth $8,823,000 after purchasing an additional 156,989 shares during the period. Finally, Cambiar Investors LLC acquired a new stake in Hub Group during the 2nd quarter worth about $4,809,000. 91.06% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on HUBG shares. Cowen and Company reaffirmed a “hold” rating and set a $40.00 price target on shares of Hub Group in a research report on Monday, August 28th. BidaskClub raised Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, July 5th. KeyCorp reaffirmed a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 price target on shares of Hub Group in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Hub Group has a consensus rating of “Hold” and a consensus price target of $41.67.
In other news, Director Charles R. Reaves sold 6,000 shares of the business’s 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 transaction, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.36% of the company’s stock.
Shares of Hub Group, Inc. (NASDAQ HUBG) opened at 42.95 on Friday. The stock’s 50 day moving average is $37.12 and its 200 day moving average is $39.26. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 25.58 and a beta of 1.38. Hub Group, Inc. has a 1-year low of $33.17 and a 1-year high of $52.50.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The business had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that Hub Group, Inc. will post $1.49 EPS for the current year.
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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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