Public Employees Retirement System of Ohio Raises Position in Hub Group, Inc. (HUBG)
Public Employees Retirement System of Ohio boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,079 shares of the transportation company’s stock after buying an additional 573 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hub Group were worth $195,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Texas Permanent School Fund lifted its stake in Hub Group by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 24,441 shares of the transportation company’s stock valued at $937,000 after buying an additional 208 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Hub Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 30,566 shares of the transportation company’s stock valued at $1,172,000 after buying an additional 232 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Hub Group by 4.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock valued at $303,000 after buying an additional 310 shares in the last quarter. California Public Employees Retirement System lifted its stake in Hub Group by 0.6% in the 1st quarter. California Public Employees Retirement System now owns 69,700 shares of the transportation company’s stock valued at $3,234,000 after buying an additional 400 shares in the last quarter. Finally, Piermont Capital Management Inc. lifted its stake in Hub Group by 1.1% in the 2nd quarter. Piermont Capital Management Inc. now owns 56,300 shares of the transportation company’s stock valued at $2,159,000 after buying an additional 640 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on HUBG. UBS AG raised their price target on shares of Hub Group from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company reiterated a “market perform” rating and issued a $46.00 price objective (up previously from $37.00) on shares of Hub Group in a report on Thursday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective on shares of Hub Group in a report on Sunday, October 1st. Finally, Barclays PLC increased their price objective on shares of Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.36.
In other news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.36% of the stock is owned by company insiders.
Shares of Hub Group, Inc. (NASDAQ:HUBG) opened at $43.80 on Friday. The stock has a market cap of $1,463.45, a P/E ratio of 25.09, a PEG ratio of 1.70 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group, Inc. has a 1-year low of $33.17 and a 1-year high of $52.50.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. research analysts forecast that Hub Group, Inc. will post 1.69 earnings per share for the current fiscal year.
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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).
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