UBS Group AG reduced its stake in Hub Group, Inc. (NASDAQ:HUBG) by 18.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,793 shares of the transportation company’s stock after selling 3,196 shares during the period. UBS Group AG’s holdings in Hub Group were worth $640,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Hub Group by 3.2% in the first quarter. Geode Capital Management LLC now owns 272,345 shares of the transportation company’s stock valued at $12,636,000 after buying an additional 8,431 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 buying an additional 99,076 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Hub Group by 3.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 117,673 shares of the transportation company’s stock valued at $5,460,000 after buying an additional 3,837 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Hub Group during the first quarter valued at approximately $650,000. Finally, Anchor Capital Advisors LLC boosted its position in Hub Group by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 28,341 shares of the transportation company’s stock valued at $1,315,000 after buying an additional 94 shares during the last quarter. 93.67% of the stock is owned by institutional investors.
Shares of Hub Group, Inc. (HUBG) traded up 1.98% on Friday, hitting $36.10. 355,038 shares of the stock traded hands. The stock has a market cap of $1.23 billion, a PE ratio of 21.50 and a beta of 1.40. The stock has a 50 day moving average of $36.99 and a 200-day moving average of $41.00. Hub Group, Inc. has a 1-year low of $33.17 and a 1-year high of $52.50.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data 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. The business had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. Hub Group’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, equities research analysts expect that Hub Group, Inc. will post $1.48 EPS for the current year.
Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Barclays PLC dropped their price objective on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Thursday, July 27th. Cowen and Company dropped their target price on shares of Hub Group from $42.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, July 27th. Finally, J P Morgan Chase & Co began coverage on shares of Hub Group in a research report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 target price for the company. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.83.
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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