Stephens Investment Management Group LLC Acquires 44,464 Shares of Hub Group, Inc. (HUBG)
Stephens Investment Management Group LLC boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 279,661 shares of the transportation company’s stock after acquiring an additional 44,464 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.82% of Hub Group worth $12,011,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Shell Asset Management Co. raised its position in shares of Hub Group by 135.5% in the third quarter. Shell Asset Management Co. now owns 54,226 shares of the transportation company’s stock valued at $2,198,000 after purchasing an additional 31,199 shares during the period. Ameriprise Financial Inc. raised its position in shares of Hub Group by 41.7% in the second quarter. Ameriprise Financial Inc. now owns 256,085 shares of the transportation company’s stock valued at $9,840,000 after purchasing an additional 75,298 shares during the period. Vanguard Group Inc. raised its position in shares of Hub Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock valued at $131,212,000 after purchasing an additional 99,076 shares during the period. Amalgamated Bank bought a new position in shares of Hub Group in the first quarter valued at approximately $206,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Hub Group by 2.9% in 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 purchasing an additional 1,360 shares during the period. 94.04% of the stock is currently owned by hedge funds and other institutional investors.
Hub Group, Inc. (HUBG) traded up $0.85 on Wednesday, reaching $44.40. 299,700 shares of the company’s stock were exchanged, compared to its average volume of 326,798. Hub Group, Inc. has a 1 year low of $33.17 and a 1 year high of $52.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $1,485.62, a P/E ratio of 25.47, a P/E/G ratio of 1.72 and a beta of 1.46.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. analysts forecast that Hub Group, Inc. will post 1.69 earnings per share for the current fiscal year.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction on Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the transaction, the director now directly owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.36% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on HUBG shares. Stifel Nicolaus reissued a “buy” rating and issued a $45.00 price target on shares of Hub Group in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Monday, October 2nd. UBS AG lifted their price target on shares of Hub Group from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Cowen and Company reissued a “hold” rating and issued a $40.00 price target on shares of Hub Group in a research report on Monday, August 28th. Finally, KeyCorp restated a “hold” rating on shares of Hub Group in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.36.
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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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