BNP Paribas Arbitrage SA reduced its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 66.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,740 shares of the transportation company’s stock after selling 35,701 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.05% of Hub Group worth $762,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of Hub Group by 235.9% in the second quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 3,880 shares in the last quarter. Strs Ohio raised its holdings in shares of Hub Group by 5.9% in the second quarter. Strs Ohio now owns 23,200 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 1,300 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Hub Group by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 310 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Hub Group by 2.9% in the second quarter. Great West Life Assurance Co. Can now owns 48,606 shares of the transportation company’s stock valued at $1,862,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in Hub Group by 3.7% in the second quarter. Rothschild Asset Management Inc. now owns 151,877 shares of the transportation company’s stock worth $5,824,000 after purchasing an additional 5,352 shares in the last quarter. 93.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Hub Group, Inc. (NASDAQ HUBG) opened at $47.05 on Thursday. The company has a market capitalization of $1,587.96, a P/E ratio of 27.22, a P/E/G ratio of 1.84 and a beta of 1.49. Hub Group, Inc. has a 52-week low of $33.17 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Hub Group’s revenue for the quarter was up 13.0% on a year-over-year basis. equities analysts expect that Hub Group, Inc. will post 1.69 EPS for the current year.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Hub Group from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Stephens reiterated an “overweight” rating and issued a $57.00 target price (up from $50.00) on shares of Hub Group in a report on Thursday. Barclays reiterated a “sell” rating and issued a $45.00 target price on shares of Hub Group in a report on Wednesday. UBS boosted their price target on Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $46.00 price target (up previously from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $46.75.
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Hub Group 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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