Dimensional Fund Advisors LP lifted its holdings in Cubic Co. (NYSE:CUB) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,783,929 shares of the scientific and technical instruments company’s stock after buying an additional 53,330 shares during the period. Dimensional Fund Advisors LP owned about 6.58% of Cubic worth $90,980,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in Cubic during the 3rd quarter valued at about $106,000. Bessemer Group Inc. bought a new position in Cubic during the 2nd quarter valued at about $125,000. SG Americas Securities LLC bought a new position in Cubic during the 2nd quarter valued at about $208,000. Piedmont Investment Advisors LLC bought a new position in Cubic during the 2nd quarter valued at about $250,000. Finally, Martingale Asset Management L P bought a new position in Cubic during the 2nd quarter valued at about $255,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
CUB has been the topic of several analyst reports. TheStreet upgraded shares of Cubic from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. Needham & Company LLC upped their price target on shares of Cubic from $56.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Canaccord Genuity reiterated a “buy” rating and set a $64.00 price target (up from $55.00) on shares of Cubic in a report on Tuesday, November 21st. Raymond James Financial upped their target price on shares of Cubic and gave the stock a “buy” rating in a research note on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of Cubic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Cubic presently has an average rating of “Hold” and a consensus target price of $60.60.
Shares of Cubic Co. (NYSE:CUB) traded up $1.05 during mid-day trading on Friday, reaching $61.95. 107,370 shares of the company’s stock were exchanged, compared to its average volume of 105,622. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.65 and a quick ratio of 1.42. The company has a market cap of $1,656.94, a P/E ratio of -151.10 and a beta of 1.10. Cubic Co. has a twelve month low of $39.58 and a twelve month high of $64.95.
Cubic (NYSE:CUB) last issued its earnings results on Monday, November 20th. The scientific and technical instruments company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.35. The business had revenue of $445.60 million for the quarter, compared to the consensus estimate of $436.76 million. Cubic had a negative net margin of 0.75% and a negative return on equity of 1.66%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.28) EPS. analysts expect that Cubic Co. will post 1.72 earnings per share for the current fiscal year.
Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).
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