6,690 Shares in Hub Group Inc. (HUBG) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC bought a new position in Hub Group Inc. (NASDAQ:HUBG) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,690 shares of the company’s stock, valued at approximately $257,000.
A number of other institutional investors also recently made changes to their positions in the company. PineBridge Investments L.P. increased its position in Hub Group by 3.4% in the second quarter. PineBridge Investments L.P. now owns 4,339 shares of the company’s stock worth $166,000 after buying an additional 143 shares in the last quarter. Anchor Capital Advisors LLC increased its position in Hub Group by 1.2% in the second quarter. Anchor Capital Advisors LLC now owns 29,511 shares of the company’s stock worth $1,132,000 after buying an additional 345 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Hub Group by 8.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,546 shares of the company’s stock worth $174,000 after buying an additional 345 shares in the last quarter. Suntrust Banks Inc. increased its position in Hub Group by 7.7% in the second quarter. Suntrust Banks Inc. now owns 6,343 shares of the company’s stock worth $242,000 after buying an additional 451 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Hub Group by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,990 shares of the company’s stock worth $191,000 after buying an additional 598 shares in the last quarter. 95.85% of the stock is owned by hedge funds and other institutional investors.
Hub Group Inc. (NASDAQ:HUBG) opened at 40.57 on Monday. Hub Group Inc. has a 12-month low of $28.19 and a 12-month high of $43.51. The company has a market capitalization of $1.39 billion, a PE ratio of 17.70 and a beta of 1.09. The firm has a 50-day moving average of $40.89 and a 200 day moving average of $39.89.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The business earned $855.60 million during the quarter, compared to analysts’ expectations of $881.40 million. Hub Group had a net margin of 2.34% and a return on equity of 13.34%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. Analysts forecast that Hub Group Inc. will post $2.29 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. Barclays PLC increased their price objective on shares of Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Monday, September 12th. Cowen and Company assumed coverage on shares of Hub Group in a research note on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 target price for the company. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 target price on shares of Hub Group in a research note on Wednesday, July 27th. Finally, Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.00.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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 who enter into contractual arrangements with Mode LLC.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.