Mesirow Financial Investment Management Equity Management decreased its position in shares of Cubic Co. (NYSE:CUB) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,980 shares of the scientific and technical instruments company’s stock after selling 41,029 shares during the period. Cubic comprises 1.5% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 16th biggest position. Mesirow Financial Investment Management Equity Management owned about 0.66% of Cubic worth $10,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CUB. BlackRock Inc. increased its holdings in shares of Cubic by 2.8% in the third quarter. BlackRock Inc. now owns 4,471,624 shares of the scientific and technical instruments company’s stock valued at $326,652,000 after purchasing an additional 123,737 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Cubic by 2.8% in the third quarter. Vanguard Group Inc. now owns 2,466,422 shares of the scientific and technical instruments company’s stock valued at $180,171,000 after purchasing an additional 67,512 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Cubic by 2.8% in the third quarter. Vanguard Group Inc now owns 2,466,422 shares of the scientific and technical instruments company’s stock valued at $180,171,000 after purchasing an additional 67,512 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Cubic by 68.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,150,000 shares of the scientific and technical instruments company’s stock valued at $61,801,000 after purchasing an additional 468,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Cubic by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 310,181 shares of the scientific and technical instruments company’s stock valued at $22,660,000 after purchasing an additional 9,459 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

CUB has been the topic of a number of recent research reports. Drexel Hamilton set a $85.00 price objective on shares of Cubic and gave the company a “buy” rating in a research note on Tuesday, January 8th. Needham & Company LLC raised shares of Cubic from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, November 16th. ValuEngine cut shares of Cubic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. Zacks Investment Research raised shares of Cubic from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, November 21st. Finally, JPMorgan Chase & Co. raised shares of Cubic from a “neutral” rating to an “overweight” rating and set a $59.03 price objective on the stock in a research note on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $74.21.

Shares of CUB stock opened at $57.95 on Monday. Cubic Co. has a 52-week low of $50.61 and a 52-week high of $77.35. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 90.55 and a beta of 1.26. The company has a current ratio of 2.06, a quick ratio of 1.78 and a debt-to-equity ratio of 0.23.

Cubic (NYSE:CUB) last announced its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The firm had revenue of $305.30 million for the quarter, compared to the consensus estimate of $288.55 million. Cubic had a return on equity of 2.30% and a net margin of 1.23%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.36) earnings per share. As a group, equities analysts anticipate that Cubic Co. will post 1.55 earnings per share for the current year.

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Cubic Profile

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 three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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