Schwab Charles Investment Management Inc. grew its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,779 shares of the transportation company’s stock after purchasing an additional 21,077 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.89% of Hub Group worth $13,091,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HUBG. Municipal Employees Retirement System of Michigan grew its position in shares of Hub Group by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock valued at $303,000 after purchasing an additional 310 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Hub Group by 2.9% during the second quarter. Great West Life Assurance Co. Can now owns 48,606 shares of the transportation company’s stock valued at $1,862,000 after buying an additional 1,360 shares during the period. Sei Investments Co. lifted its stake in shares of Hub Group by 18.7% during the second quarter. Sei Investments Co. now owns 24,435 shares of the transportation company’s stock valued at $937,000 after buying an additional 3,850 shares during the period. Rhumbline Advisers lifted its stake in shares of Hub Group by 2.7% during the second quarter. Rhumbline Advisers now owns 68,893 shares of the transportation company’s stock valued at $2,642,000 after buying an additional 1,795 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Hub Group by 157.3% during the second quarter. SG Americas Securities LLC now owns 10,587 shares of the transportation company’s stock valued at $406,000 after buying an additional 6,472 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Hub Group, Inc. (NASDAQ HUBG) opened at $48.35 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $1,690.00, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. Hub Group, Inc. has a one year low of $33.17 and a one year high of $52.50.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. Hub Group’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. equities analysts expect that Hub Group, Inc. will post 1.7 EPS for the current year.

Several equities analysts recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and set a $45.00 price objective on shares of Hub Group in a research note on Thursday, September 7th. Stephens raised shares of Hub Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 27th. Finally, UBS Group upped their price objective on shares of Hub Group from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Hub Group currently has a consensus rating of “Hold” and an average target price of $47.58.

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

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