Citigroup Inc. Decreases Holdings in Hub Group, Inc. (HUBG)
Citigroup Inc. reduced its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,944 shares of the transportation company’s stock after selling 1,039 shares during the quarter. Citigroup Inc. owned 0.10% of Hub Group worth $1,340,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HUBG. BlackRock Inc. increased its position in shares of Hub Group by 4.1% in the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock worth $201,232,000 after acquiring an additional 209,062 shares in the last quarter. FMR LLC raised its stake in shares of Hub Group by 10.7% in the 1st quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after acquiring an additional 317,119 shares during the period. Vanguard Group Inc. raised its stake in shares of Hub Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock valued at $131,212,000 after acquiring an additional 99,076 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Hub Group by 6.5% during the 2nd quarter. Fisher Asset Management LLC now owns 1,551,209 shares of the transportation company’s stock valued at $59,489,000 after acquiring an additional 95,344 shares in the last quarter. Finally, Nuance Investments LLC lifted its holdings in shares of Hub Group by 229.7% during the 2nd quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock valued at $58,199,000 after acquiring an additional 1,057,338 shares in the last quarter. Institutional investors own 91.06% of the company’s stock.
Hub Group, Inc. (NASDAQ:HUBG) opened at 43.05 on Tuesday. The firm’s 50-day moving average is $39.19 and its 200-day moving average is $38.82. Hub Group, Inc. has a 1-year low of $33.17 and a 1-year high of $52.50. The company has a market capitalization of $1.47 billion, a P/E ratio of 25.64 and a beta of 1.41.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.08). Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Hub Group, Inc. will post $1.49 EPS for the current year.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the sale, the director now directly owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.36% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 target price on shares of Hub Group in a research note on Thursday, September 7th. Cowen and Company reissued a “hold” rating and set a $40.00 price target on shares of Hub Group in a research report on Monday, August 28th. BMO Capital Markets reissued a “hold” rating and set a $42.00 price target on shares of Hub Group in a research report on Wednesday, September 20th. Finally, KeyCorp restated a “hold” rating on shares of Hub Group in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Hub Group presently has a consensus rating of “Hold” and an average target price of $42.83.
About Hub Group
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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