California State Teachers Retirement System reduced its holdings in Hub Group Inc (NASDAQ:HUBG) by 9.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 52,270 shares of the transportation company’s stock after selling 5,612 shares during the period. California State Teachers Retirement System’s holdings in Hub Group were worth $2,245,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HUBG. Quantbot Technologies LP lifted its stake in Hub Group by 37.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after acquiring an additional 915 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in Hub Group in the 2nd quarter worth about $253,000. Suntrust Banks Inc. lifted its stake in Hub Group by 20.1% in the 2nd quarter. Suntrust Banks Inc. now owns 7,060 shares of the transportation company’s stock worth $270,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in Hub Group in the 2nd quarter worth about $278,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

Hub Group Inc (NASDAQ HUBG) opened at $51.85 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Hub Group Inc has a 52-week low of $33.17 and a 52-week high of $52.50. The firm has a market capitalization of $1,770.00, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. sell-side analysts anticipate that Hub Group Inc will post 1.7 earnings per share for the current year.

Several equities research analysts recently issued reports on HUBG shares. Barclays reissued a “sell” rating and issued a $45.00 price objective on shares of Hub Group in a research note on Wednesday, December 13th. Robert W. Baird reissued a “hold” rating and issued a $45.00 price objective on shares of Hub Group in a research note on Friday, October 6th. Loop Capital started coverage on Hub Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price objective for the company. Buckingham Research started coverage on Hub Group in a research note on Friday, October 20th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Hub Group from $40.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $47.58.

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

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