Cambiar Investors LLC reduced its holdings in Hub Group Inc (NASDAQ:HUBG) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,523 shares of the transportation company’s stock after selling 5,521 shares during the quarter. Cambiar Investors LLC owned 0.17% of Hub Group worth $2,768,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Hub Group by 2.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,099 shares of the transportation company’s stock worth $749,000 after purchasing an additional 367 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Hub Group in the 3rd quarter worth about $429,000. Peregrine Capital Management LLC boosted its holdings in shares of Hub Group by 3.4% in the 3rd quarter. Peregrine Capital Management LLC now owns 380,811 shares of the transportation company’s stock worth $17,708,000 after purchasing an additional 12,427 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Hub Group by 1.1% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 301,276 shares of the transportation company’s stock worth $14,009,000 after purchasing an additional 3,371 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Hub Group in the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 91.30% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Hub Group from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Stephens set a $53.00 target price on Hub Group and gave the company a “buy” rating in a report on Friday, September 27th. Cowen dropped their target price on Hub Group from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. UBS Group set a $46.00 target price on Hub Group and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, ValuEngine upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Hub Group has a consensus rating of “Hold” and an average price target of $50.38.
In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of Hub Group stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total value of $211,050.00. Following the completion of the sale, the director now owns 67,127 shares of the company’s stock, valued at approximately $2,833,430.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.94% of the stock is currently owned by company insiders.
HUBG stock traded up $0.01 during trading on Friday, hitting $49.50. 103,600 shares of the company traded hands, compared to its average volume of 255,228. The firm has a market capitalization of $1.70 billion, a PE ratio of 18.97 and a beta of 1.62. The company has a 50-day moving average of $47.56 and a 200-day moving average of $43.24. Hub Group Inc has a 1 year low of $34.02 and a 1 year high of $50.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.23 and a current ratio of 1.26.
Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.17. The business had revenue of $913.28 million during the quarter, compared to analyst estimates of $956.99 million. Hub Group had a return on equity of 11.11% and a net margin of 3.38%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Sell-side analysts expect that Hub Group Inc will post 3.39 EPS for the current year.
Hub Group 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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