Shell Asset Management Co. Continues to Hold Stake in Hub Group, Inc. (HUBG)
Shell Asset Management Co. continued to hold its position in Hub Group, Inc. (NASDAQ:HUBG) during the second quarter, Holdings Channel reports. The firm owned 23,027 shares of the transportation company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Hub Group were worth $883,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Hub Group during the first quarter worth about $112,000. Ameritas Investment Partners Inc. bought a new position in Hub Group during the first quarter worth about $134,000. State of Alaska Department of Revenue raised its position in Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares in the last quarter. Stevens Capital Management LP bought a new position in Hub Group during the first quarter worth about $203,000. Finally, Amalgamated Bank bought a new position in Hub Group during the first quarter worth about $206,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
Shares of Hub Group, Inc. (NASDAQ HUBG) opened at 34.50 on Thursday. Hub Group, Inc. has a 52 week low of $33.17 and a 52 week high of $52.50. The firm’s 50-day moving average price is $37.37 and its 200 day moving average price is $41.44. The company has a market cap of $1.18 billion, a P/E ratio of 20.55 and a beta of 1.40.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts predict that Hub Group, Inc. will post $1.49 EPS for the current fiscal year.
A number of research firms recently issued reports on HUBG. Zacks Investment Research lowered Hub Group from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company boosted their price objective on Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Barclays PLC reduced their price objective on Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Thursday, July 27th. BidaskClub lowered Hub Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, TheStreet lowered Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.83.
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).
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.