Hub Group, Inc. (NASDAQ:HUBG) Stake Raised by Morgan Stanley

Morgan Stanley increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 40.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,922 shares of the transportation company’s stock after buying an additional 63,742 shares during the period. Morgan Stanley owned 0.65% of Hub Group worth $10,296,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Algert Global LLC acquired a new stake in shares of Hub Group during the first quarter valued at $290,000. Russell Investments Group Ltd. raised its stake in shares of Hub Group by 2.0% in the first quarter. Russell Investments Group Ltd. now owns 90,898 shares of the transportation company’s stock valued at $4,217,000 after buying an additional 1,808 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Hub Group by 7.8% in the first quarter. Great West Life Assurance Co. Can now owns 47,246 shares of the transportation company’s stock valued at $2,190,000 after buying an additional 3,401 shares during the period. Wells Fargo & Company MN raised its stake in shares of Hub Group by 0.7% in the first quarter. Wells Fargo & Company MN now owns 123,579 shares of the transportation company’s stock valued at $5,734,000 after buying an additional 908 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Hub Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock valued at $131,212,000 after buying an additional 99,076 shares during the period. 94.37% of the stock is currently owned by institutional investors.

Hub Group, Inc. (HUBG) opened at 35.45 on Friday. The firm has a 50 day moving average price of $37.28 and a 200 day moving average price of $41.33. The stock has a market capitalization of $1.21 billion, a P/E ratio of 21.11 and a beta of 1.40. Hub Group, Inc. has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $924.50 million for the quarter, compared to analyst estimates of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Equities research analysts predict that Hub Group, Inc. will post $1.49 earnings per share for the current year.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Hub Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Barclays PLC cut their target price on Hub Group from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Thursday, July 27th. Cowen and Company cut their target price on Hub Group from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, July 27th. BidaskClub downgraded Hub Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co began coverage on Hub Group in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Hub Group presently has an average rating of “Hold” and an average target price of $40.83.

Hub Group Company 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).

Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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