Principal Financial Group Inc. Sells 10,125 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Principal Financial Group Inc. reduced its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 472,613 shares of the transportation company’s stock after selling 10,125 shares during the quarter. Principal Financial Group Inc.’s holdings in Hub Group were worth $32,492,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Synovus Financial Corp raised its position in shares of Hub Group by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 11,471 shares of the transportation company’s stock worth $790,000 after acquiring an additional 144 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Hub Group by 6.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,396 shares of the transportation company’s stock worth $224,000 after acquiring an additional 214 shares in the last quarter. CWM Advisors LLC raised its position in shares of Hub Group by 3.1% in the 2nd quarter. CWM Advisors LLC now owns 7,128 shares of the transportation company’s stock worth $470,000 after acquiring an additional 216 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Hub Group by 1.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,180 shares of the transportation company’s stock worth $1,112,000 after acquiring an additional 240 shares in the last quarter. Finally, Profund Advisors LLC raised its position in shares of Hub Group by 5.9% in the 2nd quarter. Profund Advisors LLC now owns 4,584 shares of the transportation company’s stock worth $303,000 after acquiring an additional 257 shares in the last quarter. 91.38% of the stock is owned by institutional investors and hedge funds.

NASDAQ:HUBG opened at $80.62 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.79 billion, a PE ratio of 24.88 and a beta of 0.98. The firm’s 50 day moving average is $82.32 and its 200 day moving average is $73.93. Hub Group, Inc. has a 12 month low of $52.35 and a 12 month high of $87.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 28th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a net margin of 2.79% and a return on equity of 9.53%. Hub Group’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. Research analysts predict that Hub Group, Inc. will post 3.98 earnings per share for the current year.

A number of brokerages recently commented on HUBG. BMO Capital Markets reaffirmed a “hold” rating and issued a $80.00 target price on shares of Hub Group in a research report on Sunday, October 31st. Morgan Stanley boosted their target price on Hub Group from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Thursday, December 2nd. Wells Fargo & Company boosted their target price on Hub Group from $83.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, October 29th. Zacks Investment Research lowered Hub Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Stephens boosted their target price on Hub Group from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, January 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $83.83.

Hub Group Profile

Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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