Hub Group, Inc. (HUBG) Shares Sold by Royce & Associates LP
Royce & Associates LP lowered its position in Hub Group, Inc. (NASDAQ:HUBG) by 4.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 314,900 shares of the transportation company’s stock after selling 15,800 shares during the period. Royce & Associates LP owned approximately 0.92% of Hub Group worth $12,076,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Hub Group by 19,453.7% in the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after buying an additional 5,012,438 shares during the period. FMR LLC boosted its position in Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock worth $151,754,000 after buying an additional 317,119 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Hub Group by 42.7% in the second quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock valued at $24,843,000 after buying an additional 193,994 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Hub Group by 345.4% in the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock valued at $9,031,000 after buying an additional 182,622 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Hub Group by 472.7% in the first quarter. HighTower Advisors LLC now owns 190,203 shares of the transportation company’s stock valued at $8,823,000 after buying an additional 156,989 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.
Hub Group, Inc. (NASDAQ:HUBG) opened at 38.45 on Friday. The company has a market cap of $1.31 billion, a PE ratio of 22.90 and a beta of 1.37. Hub Group, Inc. has a 52-week low of $33.17 and a 52-week high of $52.50. The firm’s 50 day moving average is $36.69 and its 200 day moving average is $40.28.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. Analysts forecast that Hub Group, Inc. will post $1.48 EPS for the current fiscal year.
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HUBG has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price target on shares of Hub Group in a research report on Friday, May 19th. J P Morgan Chase & Co initiated coverage on shares of Hub Group in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price target on the stock. Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and raised their price target for the company from $44.00 to $45.00 in a research report on Tuesday, May 30th. Cowen and Company raised their price target on shares of Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Finally, BidaskClub raised shares of Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.83.
In other news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.36% of the company’s stock.
Hub Group Company 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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