JPMorgan Chase & Co. boosted its stake in Hub Group Inc. (NASDAQ:HUBG) by 5.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 140,963 shares of the company’s stock after buying an additional 7,389 shares during the period. JPMorgan Chase & Co. owned 0.41% of Hub Group worth $5,409,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Mariner Wealth Advisors LLC purchased a new position in Hub Group during the first quarter valued at approximately $327,000. Bogle Investment Management L P DE purchased a new position in Hub Group during the first quarter valued at approximately $1,249,000. Goldman Sachs Group Inc. boosted its position in Hub Group by 194.3% in the first quarter. Goldman Sachs Group Inc. now owns 121,220 shares of the company’s stock valued at $4,945,000 after buying an additional 80,028 shares in the last quarter. Nicholas Investment Partners LP purchased a new position in Hub Group during the first quarter valued at approximately $4,019,000. Finally, State Street Corp boosted its position in Hub Group by 6.5% in the first quarter. State Street Corp now owns 886,996 shares of the company’s stock valued at $36,178,000 after buying an additional 54,164 shares in the last quarter. 95.85% of the stock is currently owned by hedge funds and other institutional investors.
Hub Group Inc. (NASDAQ:HUBG) traded down 0.67% on Thursday, hitting $39.76. 37,525 shares of the stock were exchanged. The company has a 50-day moving average of $40.81 and a 200 day moving average of $39.93. Hub Group Inc. has a 12 month low of $28.19 and a 12 month high of $43.51. The firm has a market cap of $1.36 billion, a P/E ratio of 17.35 and a beta of 1.09.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Hub Group had a net margin of 2.34% and a return on equity of 13.34%. The company earned $855.60 million during the quarter, compared to analyst estimates of $881.40 million. During the same quarter last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts expect that Hub Group Inc. will post $2.29 earnings per share for the current fiscal year.
Several research firms have commented on HUBG. Barclays PLC lifted their target price on shares of Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price target on shares of Hub Group in a report on Wednesday, July 27th. Cowen and Company initiated coverage on shares of Hub Group in a report on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 price target on the stock. Finally, Zacks Investment Research raised shares of Hub Group from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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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