Stephens Investment Management Group LLC Acquires 16,077 Shares of Hub Group Inc (NASDAQ:HUBG)

Stephens Investment Management Group LLC increased its holdings in shares of Hub Group Inc (NASDAQ:HUBG) by 6.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 256,477 shares of the transportation company’s stock after purchasing an additional 16,077 shares during the quarter. Stephens Investment Management Group LLC owned 0.75% of Hub Group worth $12,275,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp increased its stake in Hub Group by 7.8% during the 1st quarter. State Street Corp now owns 1,164,450 shares of the transportation company’s stock worth $52,948,000 after purchasing an additional 84,290 shares in the last quarter. Macquarie Group Ltd. increased its stake in Hub Group by 4.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,034,197 shares of the transportation company’s stock worth $49,497,000 after purchasing an additional 43,332 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Hub Group by 6.6% during the 1st quarter. Nuveen Asset Management LLC now owns 765,593 shares of the transportation company’s stock worth $34,811,000 after purchasing an additional 47,567 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Hub Group by 23.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 502,202 shares of the transportation company’s stock worth $24,035,000 after purchasing an additional 96,727 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Hub Group by 6.6% during the 1st quarter. Geode Capital Management LLC now owns 487,088 shares of the transportation company’s stock worth $22,147,000 after purchasing an additional 30,185 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

In other news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $52.84, for a total value of $317,040.00. Following the completion of the sale, the director now owns 63,351 shares of the company’s stock, valued at approximately $3,347,466.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.12% of the company’s stock.

A number of research firms recently issued reports on HUBG. JPMorgan Chase & Co. cut Hub Group from an “overweight” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Thursday, July 9th. Stephens upped their price target on Hub Group from $54.00 to $57.00 in a research report on Thursday, July 9th. Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Cowen upped their price target on Hub Group from $53.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, BidaskClub downgraded Hub Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Shares of NASDAQ HUBG traded down $0.19 during trading hours on Wednesday, hitting $51.76. The company had a trading volume of 1,605 shares, compared to its average volume of 280,958. The stock has a market capitalization of $1.78 billion, a P/E ratio of 21.52 and a beta of 1.06. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. Hub Group Inc has a 1-year low of $36.51 and a 1-year high of $60.42. The firm’s 50 day moving average is $52.84 and its 200-day moving average is $47.98.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.23 by $0.37. The company had revenue of $779.24 million during the quarter, compared to the consensus estimate of $780.00 million. Hub Group had a return on equity of 8.34% and a net margin of 2.34%. On average, sell-side analysts predict that Hub Group Inc will post 2.39 earnings per share for the current year.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. 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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