Dimensional Fund Advisors LP raised its position in shares of Hub Group Inc. (NASDAQ:HUBG) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,227,624 shares of the company’s stock after buying an additional 334,166 shares during the period. Dimensional Fund Advisors LP owned 6.51% of Hub Group worth $85,473,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of HUBG. BlackRock Institutional Trust Company N.A. raised its position in 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 position in 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. Victory Capital Management Inc. raised its position in Hub Group by 8.8% in the second quarter. Victory Capital Management Inc. now owns 725,630 shares of the company’s stock worth $27,842,000 after buying an additional 58,744 shares during the period. Nuance Investments LLC raised its position in 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. Finally, Norges Bank acquired a new position in Hub Group during the fourth quarter worth $12,081,000. 95.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Hub Group Inc. (NASDAQ:HUBG) opened at 40.44 on Friday. The company has a market capitalization of $1.38 billion, a P/E ratio of 17.64 and a beta of 1.12. Hub Group Inc. has a 12-month low of $28.19 and a 12-month high of $43.51. The company has a 50 day moving average price of $41.11 and a 200 day moving average price of $39.71.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Hub Group had a return on equity of 13.34% and a net margin of 2.34%. The firm earned $855.60 million during the quarter, compared to the consensus estimate of $881.40 million. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Hub Group Inc. will post $2.29 EPS for the current year.
HUBG has been the subject of a number of recent research reports. Cowen and Company started coverage on shares of Hub Group in a report on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 price objective on shares of Hub Group in a research note on Wednesday, July 27th. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Barclays PLC lifted their price objective on shares of Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Hub Group currently has a consensus rating of “Hold” and an average target price of $40.00.
Hub Group Company Profile
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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