Profund Advisors LLC grew its position in shares of Cubic Co. (NYSE:CUB) by 21.4% in the 1st quarter, Holdings Channel reports. The fund owned 4,452 shares of the scientific and technical instruments company’s stock after buying an additional 786 shares during the quarter. Profund Advisors LLC’s holdings in Cubic were worth $283,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CUB. Ceredex Value Advisors LLC bought a new position in shares of Cubic during the first quarter valued at about $58,333,000. Teachers Advisors LLC raised its stake in shares of Cubic by 426.8% during the fourth quarter. Teachers Advisors LLC now owns 240,193 shares of the scientific and technical instruments company’s stock valued at $14,159,000 after acquiring an additional 194,594 shares during the last quarter. Millennium Management LLC bought a new position in shares of Cubic during the fourth quarter valued at about $11,314,000. BlackRock Inc. raised its stake in shares of Cubic by 3.4% during the first quarter. BlackRock Inc. now owns 4,175,613 shares of the scientific and technical instruments company’s stock valued at $265,569,000 after acquiring an additional 136,956 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Cubic by 408.9% during the fourth quarter. Deutsche Bank AG now owns 121,949 shares of the scientific and technical instruments company’s stock valued at $7,186,000 after acquiring an additional 97,986 shares during the last quarter. 93.64% of the stock is owned by hedge funds and other institutional investors.

In related news, Director David F. Melcher purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was bought at an average cost of $64.45 per share, with a total value of $64,450.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $64,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Harrison sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $71.19, for a total transaction of $213,570.00. The disclosure for this sale can be found here. 7.90% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Cubic from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, June 15th. Canaccord Genuity upped their price objective on shares of Cubic from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Needham & Company LLC downgraded shares of Cubic from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Cubic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, William Blair started coverage on shares of Cubic in a research note on Tuesday, May 8th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $68.33.

Cubic opened at $67.25 on Friday, Marketbeat.com reports. Cubic Co. has a 1 year low of $39.58 and a 1 year high of $72.43. The company has a quick ratio of 1.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.29.

Cubic (NYSE:CUB) last released its quarterly earnings results on Wednesday, May 2nd. The scientific and technical instruments company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.10. Cubic had a negative net margin of 1.44% and a negative return on equity of 1.83%. The company had revenue of $278.60 million during the quarter, compared to the consensus estimate of $255.25 million. During the same period in the prior year, the firm earned $0.02 earnings per share. Cubic’s revenue was up 12.3% on a year-over-year basis. equities analysts predict that Cubic Co. will post 1.5 EPS for the current fiscal year.

About Cubic

Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through four segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems), Cubic Mission Solutions (CMS), and Cubic Global Defense Services (CGD Services).

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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