Connor Clark & Lunn Investment Management Ltd. raised its position in Hub Group Inc (NASDAQ:HUBG) by 50.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,000 shares of the transportation company’s stock after buying an additional 17,725 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hub Group were worth $1,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of Hub Group by 10.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 26,203 shares of the transportation company’s stock worth $1,195,000 after buying an additional 2,537 shares during the period. US Bancorp DE boosted its holdings in shares of Hub Group by 17.0% in the third quarter. US Bancorp DE now owns 10,035 shares of the transportation company’s stock worth $457,000 after buying an additional 1,456 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Hub Group by 3.9% during the third quarter. Wells Fargo & Company MN now owns 56,906 shares of the transportation company’s stock worth $2,595,000 after purchasing an additional 2,156 shares during the period. Stone Ridge Asset Management LLC boosted its holdings in shares of Hub Group by 17.6% during the third quarter. Stone Ridge Asset Management LLC now owns 13,208 shares of the transportation company’s stock worth $602,000 after purchasing an additional 1,977 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Hub Group by 360.1% during the third quarter. SG Americas Securities LLC now owns 43,469 shares of the transportation company’s stock worth $1,982,000 after purchasing an additional 34,022 shares during the period. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. BidaskClub upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Hub Group from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Stephens raised their price target on shares of Hub Group to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 8th. They noted that the move was a valuation call. Finally, UBS Group cut shares of Hub Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $53.00 to $48.00 in a report on Tuesday, December 4th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.90.

Shares of HUBG opened at $43.28 on Friday. The company has a market cap of $1.51 billion, a P/E ratio of 16.58 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.12. Hub Group Inc has a twelve month low of $34.02 and a twelve month high of $56.60.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 7th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $972.54 million. Hub Group had a net margin of 4.77% and a return on equity of 11.14%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Analysts predict that Hub Group Inc will post 3.26 earnings per share for the current year.

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Hub Group 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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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