Nuance Investments LLC lessened its position in Hub Group Inc (NASDAQ:HUBG) by 40.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,027,114 shares of the transportation company’s stock after selling 684,005 shares during the quarter. Hub Group makes up approximately 3.3% of Nuance Investments LLC’s holdings, making the stock its 9th largest holding. Nuance Investments LLC’s holdings in Hub Group were worth $49,199,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. lifted its holdings in shares of Hub Group by 3.2% in the second quarter. UBS Asset Management Americas Inc. now owns 25,148 shares of the transportation company’s stock valued at $964,000 after purchasing an additional 782 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hub Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after purchasing an additional 67,018 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Hub Group by 10.2% in the second quarter. California Public Employees Retirement System now owns 76,800 shares of the transportation company’s stock valued at $2,945,000 after purchasing an additional 7,100 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Hub Group by 20.1% in the second quarter. Suntrust Banks Inc. now owns 7,060 shares of the transportation company’s stock valued at $270,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Hub Group by 32.4% in the second quarter. Parametric Portfolio Associates LLC now owns 65,329 shares of the transportation company’s stock valued at $2,505,000 after purchasing an additional 15,982 shares in the last quarter. 92.89% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on HUBG. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, January 16th. BidaskClub lowered Hub Group from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Stephens restated an “overweight” rating and issued a $57.00 target price (up previously from $50.00) on shares of Hub Group in a report on Thursday, December 14th. Robert W. Baird upgraded Hub Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $45.00 to $55.00 in a report on Tuesday, December 19th. Finally, Barclays restated a “sell” rating and issued a $45.00 target price on shares of Hub Group in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.83.

Shares of Hub Group Inc (NASDAQ:HUBG) opened at $44.70 on Tuesday. The company has a market capitalization of $1,492.44, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.24 and a beta of 1.40. Hub Group Inc has a fifty-two week low of $33.17 and a fifty-two week high of $52.50. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.22. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. Hub Group’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. analysts anticipate that Hub Group Inc will post 2.35 EPS 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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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