Systematic Financial Management LP acquired a new position in shares of Cubic Co. (NYSE:CUB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 78,700 shares of the scientific and technical instruments company’s stock, valued at approximately $4,014,000. Systematic Financial Management LP owned 0.29% of Cubic as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Cubic by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,761 shares of the scientific and technical instruments company’s stock worth $683,000 after purchasing an additional 125 shares during the period. Texas Permanent School Fund increased its holdings in shares of Cubic by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 18,210 shares of the scientific and technical instruments company’s stock worth $843,000 after purchasing an additional 157 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Cubic by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,890 shares of the scientific and technical instruments company’s stock worth $273,000 after purchasing an additional 240 shares during the period. Formidable Asset Management LLC increased its holdings in shares of Cubic by 2.6% during the 2nd quarter. Formidable Asset Management LLC now owns 18,632 shares of the scientific and technical instruments company’s stock worth $863,000 after purchasing an additional 469 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Cubic by 6.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 8,500 shares of the scientific and technical instruments company’s stock worth $449,000 after purchasing an additional 500 shares during the period. Institutional investors own 86.52% of the company’s stock.

Shares of Cubic Co. (CUB) opened at $62.15 on Friday. Cubic Co. has a 52 week low of $39.58 and a 52 week high of $64.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.41.

Cubic (NYSE:CUB) last issued its quarterly earnings data on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.35. The firm had revenue of $445.60 million for the quarter, compared to analysts’ expectations of $436.76 million. Cubic had a negative net margin of 0.75% and a negative return on equity of 1.66%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.28) earnings per share. equities analysts expect that Cubic Co. will post 1.72 EPS for the current year.

Several research analysts have recently issued reports on CUB shares. BidaskClub downgraded shares of Cubic from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Canaccord Genuity lowered their target price on shares of Cubic from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. ValuEngine cut shares of Cubic from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Cubic from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price (down previously from $52.00) on shares of Cubic in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Cubic has a consensus rating of “Buy” and a consensus target price of $59.17.

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About Cubic

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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