Hsbc Holdings PLC Takes $2.16 Million Position in Hub Group Inc (HUBG)

Hsbc Holdings PLC bought a new stake in Hub Group Inc (NASDAQ:HUBG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,659 shares of the transportation company’s stock, valued at approximately $2,162,000. Hsbc Holdings PLC owned about 0.15% of Hub Group at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc bought a new position in shares of Hub Group in the fourth quarter valued at approximately $205,000. Aperio Group LLC bought a new position in shares of Hub Group in the fourth quarter valued at approximately $217,000. Amalgamated Bank bought a new position in shares of Hub Group in the fourth quarter valued at approximately $226,000. Victory Capital Management Inc. raised its stake in shares of Hub Group by 47.3% in the first quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock valued at $229,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Delpha Capital Management LLC bought a new position in shares of Hub Group in the fourth quarter valued at approximately $256,000. Institutional investors own 93.04% of the company’s stock.

Hub Group opened at $50.60 on Tuesday, MarketBeat reports. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.27 and a quick ratio of 1.27. Hub Group Inc has a fifty-two week low of $33.17 and a fifty-two week high of $52.25. The company has a market capitalization of $1.72 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.38 and a beta of 1.48.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, April 26th. The transportation company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Hub Group had a net margin of 3.33% and a return on equity of 9.48%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. sell-side analysts forecast that Hub Group Inc will post 2.41 EPS for the current fiscal year.

A number of research analysts have recently issued reports on HUBG shares. BidaskClub upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Morgan Stanley lifted their target price on shares of Hub Group from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 13th. Loop Capital lifted their target price on shares of Hub Group to $52.00 and gave the company a “hold” rating in a research note on Monday, February 12th. Cowen restated a “market perform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Hub Group in a research report on Friday, April 27th. Finally, Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $48.15.

Hub Group Company 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.

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

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