Artisan Partners Limited Partnership Has $9.54 Million Stake in Cubic Co. (CUB)

Artisan Partners Limited Partnership decreased its holdings in Cubic Co. (NYSE:CUB) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,965 shares of the scientific and technical instruments company’s stock after selling 2,400 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.69% of Cubic worth $9,535,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Cubic by 1.3% in the second quarter. BlackRock Inc. now owns 3,829,369 shares of the scientific and technical instruments company’s stock worth $177,300,000 after acquiring an additional 48,214 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cubic by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,783,929 shares of the scientific and technical instruments company’s stock worth $90,980,000 after acquiring an additional 53,330 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Cubic by 3.5% in the third quarter. Pzena Investment Management LLC now owns 946,046 shares of the scientific and technical instruments company’s stock worth $48,248,000 after acquiring an additional 31,917 shares in the last quarter. State Street Corp lifted its stake in shares of Cubic by 4.2% in the second quarter. State Street Corp now owns 770,513 shares of the scientific and technical instruments company’s stock worth $35,676,000 after acquiring an additional 31,315 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Cubic by 1.6% in the second quarter. Northern Trust Corp now owns 635,897 shares of the scientific and technical instruments company’s stock worth $29,441,000 after acquiring an additional 10,316 shares in the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.

Shares of Cubic Co. (NYSE CUB) remained flat at $$60.75 during midday trading on Wednesday. 129,900 shares of the company were exchanged, compared to its average volume of 140,857. Cubic Co. has a 12-month low of $39.58 and a 12-month high of $64.95. The company has a current ratio of 1.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.29.

Cubic (NYSE:CUB) last announced its quarterly earnings data on Monday, November 20th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.35. The firm had revenue of $445.60 million for the quarter, compared to analysts’ expectations of $436.76 million. Cubic had a negative return on equity of 1.66% and a negative net margin of 0.75%. Cubic’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. equities research analysts expect that Cubic Co. will post 1.72 EPS for the current fiscal year.

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $48.00 price objective (down previously from $52.00) on shares of Cubic in a research note on Wednesday, August 9th. J P Morgan Chase & Co upgraded Cubic from a “neutral” rating to an “overweight” rating and set a $53.00 price objective on the stock in a research note on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and set a $50.00 price objective on shares of Cubic in a research note on Thursday, August 10th. ValuEngine upgraded Cubic from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Raymond James Financial upgraded Cubic from a “market perform” rating to a “strong-buy” rating and upped their price objective for the company from $53.00 to $60.00 in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $60.17.

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Cubic Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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