Amalgamated Bank purchased a new position in Hub Group, Inc. (NASDAQ:HUBG) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,438 shares of the transportation company’s stock, valued at approximately $206,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Hub Group during the fourth quarter worth approximately $22,949,000. Teachers Advisors LLC boosted its position in Hub Group by 12.2% in the fourth quarter. Teachers Advisors LLC now owns 454,004 shares of the transportation company’s stock worth $19,863,000 after buying an additional 49,509 shares during the last quarter. Foundry Partners LLC boosted its position in Hub Group by 6.9% in the first quarter. Foundry Partners LLC now owns 75,943 shares of the transportation company’s stock worth $3,524,000 after buying an additional 4,928 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Hub Group by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock worth $631,000 after buying an additional 300 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.
Hub Group, Inc. (NASDAQ:HUBG) traded up 1.79% during mid-day trading on Friday, reaching $34.15. 280,626 shares of the company were exchanged. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 20.34 and a beta of 1.40. The stock’s 50-day moving average price is $37.87 and its 200-day moving average price is $41.86. Hub Group, Inc. has a 1-year low of $33.17 and a 1-year high of $52.50.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts anticipate that Hub Group, Inc. will post $1.49 EPS for the current fiscal year.
HUBG has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $44.00 price target (down from $51.00) on shares of Hub Group in a report on Friday, April 14th. Zacks Investment Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 18th. Cowen and Company restated a “market perform” rating and issued a $41.00 price target (down from $44.00) on shares of Hub Group in a report on Thursday, April 27th. TheStreet cut shares of Hub Group from a “b” rating to a “c+” rating in a report on Friday, April 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a research note on Friday, May 19th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Hub Group presently has a consensus rating of “Hold” and a consensus price target of $40.83.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It 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 entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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