Ameriprise Financial Inc. increased its position in shares of Hub Group Inc. (NASDAQ:HUBG) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 225,656 shares of the company’s stock after buying an additional 10,203 shares during the period. Ameriprise Financial Inc. owned about 0.66% of Hub Group worth $8,647,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in HUBG. BlackRock Institutional Trust Company N.A. raised its stake in shares of Hub Group by 34.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,387,649 shares of the company’s stock worth $56,602,000 after buying an additional 352,765 shares during the period. State Street Corp raised its stake in shares of Hub Group by 6.5% in the first quarter. State Street Corp now owns 886,996 shares of the company’s stock worth $36,178,000 after buying an additional 54,164 shares during the period. Nuance Investments LLC raised its stake in shares of Hub Group by 33.2% in the second quarter. Nuance Investments LLC now owns 561,620 shares of the company’s stock worth $21,549,000 after buying an additional 139,952 shares during the period. Renaissance Technologies LLC raised its stake in shares of Hub Group by 99.4% in the first quarter. Renaissance Technologies LLC now owns 355,136 shares of the company’s stock worth $14,486,000 after buying an additional 177,000 shares during the period. Finally, Teachers Advisors Inc. raised its stake in shares of Hub Group by 21.3% in the first quarter. Teachers Advisors Inc. now owns 335,015 shares of the company’s stock worth $13,665,000 after buying an additional 58,799 shares during the period. 95.85% of the stock is owned by institutional investors and hedge funds.
Hub Group Inc. (NASDAQ:HUBG) traded up 2.87% during mid-day trading on Wednesday, hitting $40.84. The stock had a trading volume of 196,134 shares. The company has a market cap of $1.40 billion, a PE ratio of 17.82 and a beta of 1.09. Hub Group Inc. has a one year low of $28.19 and a one year high of $43.51. The firm’s 50-day moving average price is $40.92 and its 200 day moving average price is $39.87.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Tuesday, July 26th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The business earned $855.60 million during the quarter, compared to the consensus estimate of $881.40 million. Hub Group had a return on equity of 13.34% and a net margin of 2.34%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, equities research analysts anticipate that Hub Group Inc. will post $2.29 EPS for the current year.
A number of equities research analysts have issued reports on HUBG shares. Cowen and Company started coverage on shares of Hub Group in a report on Wednesday, August 17th. They set a “market perform” rating and a $43.00 price objective for the company. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of Hub Group in a report on Wednesday, July 27th. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Barclays PLC raised their target price on shares of Hub Group from $42.00 to $43.00 and gave the company an “underweight” rating in a report on Monday, September 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.00.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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 who enter into contractual arrangements with Mode LLC.
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