Dimensional Fund Advisors LP boosted its stake in Hub Group Inc (NASDAQ:HUBG) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,833,599 shares of the transportation company’s stock after buying an additional 107,547 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Hub Group worth $105,041,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Hub Group in the 3rd quarter valued at $232,000. Prudential Financial Inc. boosted its stake in Hub Group by 481.1% in the 4th quarter. Prudential Financial Inc. now owns 327,243 shares of the transportation company’s stock valued at $12,131,000 after buying an additional 270,925 shares in the last quarter. SG Americas Securities LLC boosted its stake in Hub Group by 29.8% in the 4th quarter. SG Americas Securities LLC now owns 56,418 shares of the transportation company’s stock valued at $2,091,000 after buying an additional 12,949 shares in the last quarter. Acadian Asset Management LLC bought a new position in Hub Group in the 4th quarter valued at $60,000. Finally, Vanguard Group Inc. raised its position in Hub Group by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,229,650 shares of the transportation company’s stock valued at $147,272,000 after purchasing an additional 59,261 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the company. BidaskClub downgraded Hub Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, May 9th. Barclays cut their price objective on Hub Group from $48.00 to $46.00 and set an “underweight” rating for the company in a research report on Thursday, April 4th. Buckingham Research cut their price objective on Hub Group from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, April 2nd. Finally, Stephens lifted their price objective on Hub Group to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.73.
Shares of HUBG opened at $42.34 on Thursday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 16.22 and a beta of 1.65. Hub Group Inc has a 52-week low of $34.02 and a 52-week high of $56.60. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.22.
Hub Group (NASDAQ:HUBG) last released its earnings results on Tuesday, April 30th. The transportation company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The company had revenue of $933.00 million during the quarter, compared to the consensus estimate of $946.76 million. Hub Group had a return on equity of 11.31% and a net margin of 5.15%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, equities research analysts forecast that Hub Group Inc will post 3.34 earnings per share for the current year.
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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