Eaton Vance Management continued to hold its stake in shares of Hub Group Inc. (NASDAQ:HUBG) during the second quarter, Holdings Channel reports. The fund owned 19,305 shares of the company’s stock at the end of the second quarter. Eaton Vance Management owned approximately 0.06% of Hub Group worth $741,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Bogle Investment Management L P DE purchased a new stake in shares of Hub Group during the first quarter worth about $1,249,000. Goldman Sachs Group Inc. increased its stake in shares of Hub Group by 194.3% in the first quarter. Goldman Sachs Group Inc. now owns 121,220 shares of the company’s stock worth $4,945,000 after buying an additional 80,028 shares during the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Hub Group during the first quarter worth about $4,019,000. State Street Corp increased 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 last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Hub Group during the first quarter worth about $114,000. Hedge funds and other institutional investors own 95.85% of the company’s stock.
Hub Group Inc. (NASDAQ:HUBG) traded up 1.32% during midday trading on Thursday, reaching $40.60. 99,326 shares of the company traded hands. The stock’s 50 day moving average is $40.99 and its 200 day moving average is $39.78. Hub Group Inc. has a one year low of $28.19 and a one year high of $43.51. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.71 and a beta of 1.12.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Tuesday, July 26th. The company reported $0.61 earnings per share (EPS) 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 analyst estimates of $881.40 million. Hub Group had a return on equity of 13.34% and a net margin of 2.34%. Hub Group’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that Hub Group Inc. will post $2.29 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Barclays PLC increased 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. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Hub Group in a research note on Wednesday, July 27th. Cowen and Company assumed coverage on shares of Hub Group in a research note on Wednesday, August 17th. They set a “market perform” rating and a $43.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Hub Group has an average rating of “Hold” and an average price target 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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