State of Alaska Department of Revenue grew its holdings in Hub Group Inc (NASDAQ:HUBG) by 121.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,674 shares of the transportation company’s stock after acquiring an additional 14,066 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of Hub Group worth $1,193,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Hub Group by 133.0% in the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 351 shares during the period. Advisory Services Network LLC bought a new stake in shares of Hub Group in the first quarter valued at about $36,000. Point72 Hong Kong Ltd raised its stake in Hub Group by 1,773.5% in the second quarter. Point72 Hong Kong Ltd now owns 918 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 869 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Hub Group by 22.2% in the second quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 282 shares in the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in Hub Group by 86.7% in the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 1,300 shares in the last quarter. 91.72% of the stock is owned by institutional investors.
Shares of NASDAQ HUBG opened at $47.25 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 18.10 and a beta of 1.60. Hub Group Inc has a 12 month low of $34.02 and a 12 month high of $49.35. The stock has a 50-day moving average price of $44.80 and a two-hundred day moving average price of $42.38.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The firm had revenue of $921.16 million during the quarter, compared to the consensus estimate of $973.45 million. Hub Group had a return on equity of 11.40% and a net margin of 5.69%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts predict that Hub Group Inc will post 3.36 earnings per share for the current year.
HUBG has been the subject of a number of analyst reports. Zacks Investment Research downgraded Hub Group from a “buy” rating to a “hold” rating in a research note on Thursday. Stephens set a $53.00 price target on Hub Group and gave the company a “buy” rating in a research note on Friday, September 27th. UBS Group set a $46.00 price target on Hub Group and gave the company a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley dropped their price target on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, ValuEngine raised Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Hub Group has an average rating of “Hold” and a consensus price target of $53.27.
In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total transaction of $211,050.00. Following the completion of the transaction, the director now owns 67,127 shares of the company’s stock, valued at $2,833,430.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.94% of the stock is currently owned by insiders.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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