Quantbot Technologies LP Boosts Holdings in Hub Group, Inc. (HUBG)
Quantbot Technologies LP raised its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 37.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,338 shares of the transportation company’s stock after purchasing an additional 915 shares during the period. Quantbot Technologies LP’s holdings in Hub Group were worth $128,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its position in Hub Group by 4.1% during the 2nd quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock valued at $201,232,000 after purchasing an additional 209,062 shares during the period. FMR LLC increased its position in Hub Group by 10.7% during the 1st quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after purchasing an additional 317,119 shares during the period. Vanguard Group Inc. increased its position in Hub Group by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after purchasing an additional 67,018 shares during the period. Fisher Asset Management LLC increased its position in 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 purchasing an additional 95,344 shares during the period. Finally, Nuance Investments LLC increased its position in 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 purchasing an additional 1,057,338 shares during the period. 91.06% of the stock is currently owned by institutional investors and hedge funds.
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A number of research firms have commented on HUBG. Zacks Investment Research downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird reissued a “hold” rating and set a $45.00 target price on shares of Hub Group in a research report on Friday. Loop Capital began coverage on shares of Hub Group in a research report on Tuesday, October 3rd. They set a “hold” rating and a $47.00 target price on the stock. Barclays PLC raised their target price on shares of Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Hub Group in a research report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Hub Group currently has a consensus rating of “Hold” and an average price target of $43.63.
In related 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 transaction of $225,600.00. Following the sale, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.36% of the stock is currently owned by corporate insiders.
Shares of Hub Group, Inc. (NASDAQ:HUBG) opened at 40.70 on Friday. Hub Group, Inc. has a 12-month low of $33.17 and a 12-month high of $52.50. The company has a market capitalization of $1.39 billion, a PE ratio of 24.24 and a beta of 1.41. The stock has a 50 day moving average of $39.81 and a 200-day moving average of $38.78.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that Hub Group, Inc. will post $1.48 earnings per share for the current fiscal year.
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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