Advisor Group Inc. grew its stake in shares of Cubic Co. (NYSE:CUB) by 981.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,292 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,080 shares during the period. Advisor Group Inc.’s holdings in Cubic were worth $135,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in Cubic during the third quarter worth approximately $159,000. Gofen & Glossberg LLC IL acquired a new stake in Cubic during the fourth quarter worth approximately $205,000. Amalgamated Bank acquired a new stake in Cubic during the fourth quarter worth approximately $214,000. Harbour Capital Advisors LLC acquired a new stake in Cubic during the fourth quarter worth approximately $280,000. Finally, Aperio Group LLC acquired a new stake in Cubic during the fourth quarter worth approximately $303,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.
Several equities research analysts have issued reports on CUB shares. ValuEngine upgraded shares of Cubic from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. TheStreet downgraded shares of Cubic from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Cubic from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Raymond James Financial restated an “outperform” rating and set a $62.00 price objective (down from $64.00) on shares of Cubic in a research report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cubic has an average rating of “Buy” and an average price target of $61.00.
Shares of CUB opened at $61.65 on Tuesday. Cubic Co. has a 12 month low of $39.58 and a 12 month high of $66.20. The company has a market cap of $1,681.02, a PE ratio of -150.37 and a beta of 0.94. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29.
Cubic (NYSE:CUB) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.33). Cubic had a negative return on equity of 1.27% and a negative net margin of 1.21%. The business had revenue of $340.70 million for the quarter, compared to the consensus estimate of $338.21 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. equities analysts predict that Cubic Co. will post 1.18 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which was paid on Monday, March 12th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.135 per share. The ex-dividend date was Wednesday, February 28th. This represents a dividend yield of 0.44%. Cubic’s dividend payout ratio is presently -65.85%.
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Cubic Corporation provides systems and solutions for the transportation and defense markets in the United States and internationally. It operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD Systems), and Cubic Global Defense Services (CGD Services). The CTS segment provides fare collection and revenue management devices, software, systems and multiagency, multimodal integration technologies, and operational services for transportation authorities and operators.
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