Stoneridge Investment Partners LLC Sells 3,103 Shares of Hub Group, Inc. (HUBG)
Stoneridge Investment Partners LLC lowered its stake in Hub Group, Inc. (NASDAQ:HUBG) by 33.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,246 shares of the transportation company’s stock after selling 3,103 shares during the period. Stoneridge Investment Partners LLC’s holdings in Hub Group were worth $268,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its holdings in shares of Hub Group by 37.8% in the second quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 915 shares during the period. Amalgamated Bank acquired a new position in shares of Hub Group in the first quarter valued at approximately $206,000. Public Employees Retirement System of Ohio increased its holdings in shares of Hub Group by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 573 shares during the period. US Bancorp DE increased its holdings in shares of Hub Group by 235.9% in the second quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 3,880 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Hub Group in the third quarter valued at approximately $278,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the sale, the director now owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.36% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on HUBG. KeyCorp reaffirmed a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Cowen and Company reaffirmed a “hold” rating and set a $40.00 price objective on shares of Hub Group in a report on Thursday, October 12th. Buckingham Research began coverage on Hub Group in a report on Friday, October 20th. They set a “neutral” rating and a $43.00 price objective on the stock. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Monday, October 2nd. Finally, Loop Capital began coverage on Hub Group in a report on Tuesday, October 3rd. They set a “hold” rating and a $47.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.36.
Shares of Hub Group, Inc. (HUBG) opened at $44.05 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $1,511.21, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.75 and a beta of 1.46. Hub Group, Inc. has a twelve month low of $33.17 and a twelve month high of $52.50.
Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. Hub Group’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. equities research analysts forecast that Hub Group, Inc. will post 1.69 EPS for the current fiscal year.
About Hub Group
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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