Deutsche Bank AG lifted its stake in shares of Hub Group Inc (NASDAQ:HUBG) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,582 shares of the transportation company’s stock after purchasing an additional 58,673 shares during the period. Deutsche Bank AG owned about 0.85% of Hub Group worth $10,917,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in shares of Hub Group during the fourth quarter worth about $39,000. Quantamental Technologies LLC purchased a new stake in shares of Hub Group during the fourth quarter worth about $40,000. Acadian Asset Management LLC purchased a new stake in shares of Hub Group during the fourth quarter worth about $60,000. PNC Financial Services Group Inc. increased its stake in shares of Hub Group by 28.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock worth $76,000 after purchasing an additional 456 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hub Group by 30.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock worth $87,000 after purchasing an additional 544 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.
HUBG opened at $43.03 on Wednesday. The stock has a market cap of $1.49 billion, a P/E ratio of 14.67 and a beta of 1.67. Hub Group Inc has a twelve month low of $34.02 and a twelve month high of $56.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 7th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $972.54 million. Hub Group had a net margin of 4.77% and a return on equity of 11.14%. Hub Group’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Equities analysts predict that Hub Group Inc will post 3.21 EPS for the current year.
A number of research firms have recently commented on HUBG. Stephens boosted their target price on shares of Hub Group to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 8th. They noted that the move was a valuation call. BidaskClub lowered shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Barclays lowered their price target on shares of Hub Group from $48.00 to $46.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th. Buckingham Research lowered their price target on shares of Hub Group from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research lowered shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.64.
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Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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