Hub Group, Inc. (HUBG) Stake Lifted by Piermont Capital Management Inc.
Piermont Capital Management Inc. lifted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,300 shares of the transportation company’s stock after purchasing an additional 640 shares during the period. Piermont Capital Management Inc. owned 0.16% of Hub Group worth $2,159,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Hub Group by 9.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 258,454 shares of the transportation company’s stock worth $11,993,000 after purchasing an additional 22,156 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hub Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock worth $131,212,000 after purchasing an additional 99,076 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Hub Group during the 1st quarter worth about $206,000. Highbridge Capital Management LLC acquired a new position in shares of Hub Group during the 1st quarter worth about $1,166,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Hub Group by 2.0% during the 1st quarter. Russell Investments Group Ltd. now owns 90,898 shares of the transportation company’s stock worth $4,217,000 after purchasing an additional 1,808 shares during the last quarter. Institutional investors own 91.06% of the company’s stock.
HUBG has been the topic of several recent analyst reports. KeyCorp restated a “neutral” rating on shares of Hub Group in a research note on Friday, August 25th. Cowen and Company restated a “hold” rating and set a $40.00 price objective on shares of Hub Group in a research note on Monday, August 28th. BidaskClub downgraded shares of Hub Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Barclays PLC reduced their target price on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Finally, Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $45.00 in a report on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Hub Group presently has an average rating of “Hold” and an average target price of $40.83.
Shares of Hub Group, Inc. (NASDAQ:HUBG) traded down 0.12% during mid-day trading on Friday, hitting $41.50. 261,361 shares of the company traded hands. The firm has a 50-day moving average of $37.12 and a 200-day moving average of $39.26. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.72 and a beta of 1.38. Hub Group, Inc. has a one year low of $33.17 and a one year high of $52.50.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. During the same quarter last year, the business posted $0.61 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that Hub Group, Inc. will post $1.49 earnings per share for the current year.
In related news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the sale, the director now owns 67,947 shares in the company, valued at $2,554,807.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.36% of the company’s stock.
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Hub Group 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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