Oregon Public Employees Retirement Fund lifted its position in shares of Hub Group Inc (NASDAQ:HUBG) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,618 shares of the transportation company’s stock after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Hub Group were worth $652,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Hub Group during the fourth quarter valued at approximately $35,885,000. JPMorgan Chase & Co. boosted its position in Hub Group by 563.5% during the first quarter. JPMorgan Chase & Co. now owns 487,036 shares of the transportation company’s stock valued at $22,145,000 after purchasing an additional 413,634 shares during the last quarter. Investment Counselors of Maryland LLC acquired a new position in Hub Group during the first quarter valued at approximately $12,962,000. Macquarie Group Ltd. boosted its position in Hub Group by 14.0% during the fourth quarter. Macquarie Group Ltd. now owns 913,558 shares of the transportation company’s stock valued at $46,856,000 after purchasing an additional 112,300 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Hub Group during the first quarter valued at approximately $4,853,000. 90.66% of the stock is owned by institutional investors.
Several brokerages recently commented on HUBG. Cowen increased their price target on Hub Group from $53.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. cut Hub Group from an “overweight” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Thursday, July 9th. Stephens raised their price objective on Hub Group from $54.00 to $57.00 in a research report on Thursday, July 9th. BidaskClub cut Hub Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley cut their price objective on Hub Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Hub Group currently has a consensus rating of “Hold” and a consensus target price of $52.43.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.37. The company had revenue of $779.24 million for the quarter, compared to analyst estimates of $780.00 million. Hub Group had a return on equity of 8.41% and a net margin of 2.34%. Analysts forecast that Hub Group Inc will post 1.89 EPS for the current year.
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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