TIAA CREF Investment Management LLC decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,496 shares of the company’s stock after selling 2,884 shares during the period. TIAA CREF Investment Management LLC’s holdings in Hub Group were worth $11,474,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. PineBridge Investments L.P. increased its stake in shares of Hub Group by 3.4% in the second quarter. PineBridge Investments L.P. now owns 4,339 shares of the company’s stock valued at $166,000 after buying an additional 143 shares during the period. Anchor Capital Advisors LLC increased its stake in shares of Hub Group by 1.2% in the second quarter. Anchor Capital Advisors LLC now owns 29,511 shares of the company’s stock valued at $1,132,000 after buying an additional 345 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Hub Group by 8.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,546 shares of the company’s stock valued at $174,000 after buying an additional 345 shares during the period. Aperio Group LLC increased its stake in shares of Hub Group by 9.8% in the third quarter. Aperio Group LLC now owns 6,238 shares of the company’s stock valued at $254,000 after buying an additional 556 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Hub Group by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,990 shares of the company’s stock valued at $191,000 after buying an additional 598 shares during the period. 95.12% of the stock is currently owned by institutional investors.

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

Shares of Hub Group, Inc. (NASDAQ:HUBG) opened at 45.25 on Friday. The company has a 50-day moving average of $43.78 and a 200-day moving average of $40.95. Hub Group, Inc. has a one year low of $28.19 and a one year high of $46.15. The company has a market capitalization of $1.53 billion, a PE ratio of 19.82 and a beta of 1.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $932.81 million for the quarter, compared to the consensus estimate of $393.30 million. Hub Group had a return on equity of 13.12% and a net margin of 2.27%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, analysts anticipate that Hub Group, Inc. will post $2.21 earnings per share for the current year.

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Several brokerages have issued reports on HUBG. Barclays PLC reissued a “sell” rating and set a $43.00 target price on shares of Hub Group in a research note on Tuesday. Zacks Investment Research downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Monday, December 5th. Stifel Nicolaus downgraded shares of Hub Group from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Susquehanna assumed coverage on shares of Hub Group in a research note on Tuesday, December 20th. They issued a “positive” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $41.00.

About Hub Group

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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 who enter into contractual arrangements with Mode LLC.

5 Day Chart for NASDAQ:HUBG

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