Rhumbline Advisers boosted its stake in Hub Group Inc (NASDAQ:HUBG) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,637 shares of the transportation company’s stock after acquiring an additional 10,640 shares during the period. Rhumbline Advisers owned 0.24% of Hub Group worth $3,863,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of HUBG. Fieldpoint Private Securities LLC acquired a new stake in Hub Group in the third quarter valued at $100,000. Zions Bancorporation acquired a new stake in Hub Group in the third quarter valued at $143,000. Public Employees Retirement System of Ohio raised its holdings in 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 acquiring an additional 573 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Hub Group in the fourth quarter valued at $205,000. Finally, Aperio Group LLC acquired a new stake in Hub Group in the fourth quarter valued at $217,000. 93.63% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, January 16th. BidaskClub cut shares of Hub Group from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Stephens reissued an “overweight” rating and set a $57.00 target price (up from $50.00) on shares of Hub Group in a report on Thursday, December 14th. Robert W. Baird raised shares of Hub Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $45.00 to $55.00 in a report on Tuesday, December 19th. Finally, Barclays reissued a “sell” rating and set a $45.00 target price on shares of Hub Group in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.38.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.52 by $0.22. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. research analysts expect that Hub Group Inc will post 2.33 EPS for the current fiscal year.
Hub Group 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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