Texas Permanent School Fund cut its position in Hub Group Inc (NASDAQ:HUBG) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,612 shares of the transportation company’s stock after selling 1,824 shares during the quarter. Texas Permanent School Fund owned 0.07% of Hub Group worth $1,083,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in shares of Hub Group in the 3rd quarter valued at approximately $100,000. Zions Bancorporation acquired a new position in shares of Hub Group in the 3rd quarter valued at approximately $143,000. Public Employees Retirement System of Ohio raised its position in shares of Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after buying an additional 573 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Hub Group in the 3rd quarter valued at approximately $278,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hub Group in the 3rd quarter valued at approximately $292,000. Institutional investors own 92.89% of the company’s stock.
Hub Group Inc (HUBG) opened at $46.45 on Wednesday. The stock has a market cap of $1,524.85, a P/E ratio of 23.53, a P/E/G ratio of 1.28 and a beta of 1.40. Hub Group Inc has a 12-month low of $33.17 and a 12-month high of $52.50. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.22. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. analysts anticipate that Hub Group Inc will post 2.33 earnings per share for the current year.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital boosted their target price on shares of Hub Group to $52.00 and gave the company a “hold” rating in a research report on Monday. Morgan Stanley boosted their target price on shares of Hub Group from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Tuesday. Stephens reiterated an “overweight” rating and set a $57.00 price objective (up from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. Finally, UBS Group upped their price objective on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $48.38.
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About Hub Group
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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