Whitnell & Co. cut its stake in shares of Hub Group Inc (NASDAQ:HUBG) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 36,983 shares of the transportation company’s stock after selling 1,000 shares during the period. Whitnell & Co.’s holdings in Hub Group were worth $1,720,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in shares of Hub Group by 133.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock worth $26,000 after purchasing an additional 351 shares during the period. Point72 Hong Kong Ltd grew its holdings in Hub Group by 1,773.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 918 shares of the transportation company’s stock valued at $39,000 after buying an additional 869 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Hub Group by 22.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock valued at $65,000 after buying an additional 282 shares in the last quarter. Advisory Services Network LLC grew its holdings in Hub Group by 92.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,715 shares of the transportation company’s stock valued at $72,000 after buying an additional 825 shares in the last quarter. Finally, Quantamental Technologies LLC grew its holdings in Hub Group by 13.6% during the 2nd quarter. Quantamental Technologies LLC now owns 3,425 shares of the transportation company’s stock valued at $144,000 after buying an additional 410 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.
NASDAQ:HUBG traded up $0.01 during mid-day trading on Friday, reaching $49.50. The stock had a trading volume of 103,600 shares, compared to its average volume of 255,228. Hub Group Inc has a one year low of $34.02 and a one year high of $50.49. The firm has a 50 day moving average price of $47.56 and a two-hundred day moving average price of $43.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.23 and a current ratio of 1.26. The stock has a market capitalization of $1.70 billion, a P/E ratio of 18.97 and a beta of 1.62.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.17. Hub Group had a return on equity of 11.11% and a net margin of 3.38%. The firm had revenue of $913.28 million for the quarter, compared to the consensus estimate of $956.99 million. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts forecast that Hub Group Inc will post 3.39 earnings per share for the current year.
HUBG has been the subject of a number of recent analyst reports. 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. BidaskClub downgraded Hub Group from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upgraded Hub Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $60.00 in a research report on Friday, October 4th. Zacks Investment Research downgraded Hub Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, ValuEngine upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Hub Group presently has a consensus rating of “Hold” and a consensus target price of $50.38.
In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total transaction of $211,050.00. Following the sale, the director now owns 67,127 shares in the company, valued at approximately $2,833,430.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.94% of the stock is currently owned by insiders.
About Hub Group
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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