Rhumbline Advisers trimmed its stake in shares of Hub Group Inc (NASDAQ:HUBG) by 1.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 81,071 shares of the transportation company’s stock after selling 942 shares during the quarter. Rhumbline Advisers’ holdings in Hub Group were worth $4,037,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Amalgamated Bank acquired a new stake in shares of Hub Group in the second quarter valued at about $256,000. Victory Capital Management Inc. raised its position in shares of Hub Group by 47.3% in the first quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock valued at $229,000 after buying an additional 1,759 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Hub Group in the second quarter valued at about $355,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Hub Group in the first quarter valued at about $299,000. Finally, Verition Fund Management LLC raised its position in shares of Hub Group by 85.7% in the first quarter. Verition Fund Management LLC now owns 8,230 shares of the transportation company’s stock valued at $344,000 after buying an additional 3,797 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Charles R. Reaves sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total transaction of $125,600.00. Following the completion of the sale, the director now directly owns 68,768 shares in the company, valued at $3,454,904.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.75% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on the stock. Stephens set a $62.00 target price on shares of Hub Group and gave the company a “buy” rating in a research report on Thursday, August 2nd. BidaskClub cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. BMO Capital Markets increased their target price on shares of Hub Group from $48.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 2nd. Susquehanna Bancshares increased their target price on shares of Hub Group from $61.00 to $64.00 and gave the company a “positive” rating in a research report on Thursday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price on shares of Hub Group in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.50.
Hub Group stock opened at $49.90 on Thursday. Hub Group Inc has a 12-month low of $37.90 and a 12-month high of $56.60. The stock has a market cap of $1.82 billion, a P/E ratio of 22.58 and a beta of 1.51. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.18. Hub Group had a net margin of 3.42% and a return on equity of 10.32%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $0.29 earnings per share. Hub Group’s revenue was up 27.7% compared to the same quarter last year. equities research analysts predict that Hub Group Inc will post 2.75 earnings per share for the current year.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
Read More: Market Capitalization in the Stock Market
Want to see what other hedge funds are holding HUBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hub Group Inc (NASDAQ:HUBG).
Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.