Shell Asset Management Co. Has $328,000 Stake in Hub Group, Inc. (NASDAQ:HUBG)

Posted by on Feb 26th, 2023

Shell Asset Management Co. decreased its stake in Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,748 shares of the transportation company’s stock after selling 1,244 shares during the quarter. Shell Asset Management Co.’s holdings in Hub Group were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. acquired a new stake in shares of Hub Group during the second quarter worth about $26,000. Quadrant Capital Group LLC raised its position in shares of Hub Group by 58.1% during the second quarter. Quadrant Capital Group LLC now owns 400 shares of the transportation company’s stock worth $28,000 after purchasing an additional 147 shares during the period. Pinebridge Investments L.P. raised its position in shares of Hub Group by 315.0% during the second quarter. Pinebridge Investments L.P. now owns 415 shares of the transportation company’s stock worth $29,000 after purchasing an additional 315 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Hub Group during the first quarter worth about $46,000. Finally, CWM LLC raised its position in shares of Hub Group by 49.0% during the third quarter. CWM LLC now owns 785 shares of the transportation company’s stock worth $54,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Hub Group Stock Down 0.7 %

HUBG stock opened at $93.92 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $86.25 and a two-hundred day moving average price of $80.91. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 8.83 and a beta of 0.96. Hub Group, Inc. has a twelve month low of $60.81 and a twelve month high of $104.67.

Hub Group (NASDAQ:HUBG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The transportation company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.06. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hub Group had a return on equity of 23.49% and a net margin of 6.68%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $2.48 earnings per share. Analysts anticipate that Hub Group, Inc. will post 7.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HUBG shares. Cowen raised their price target on Hub Group from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. KeyCorp lifted their target price on Hub Group from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Wells Fargo & Company lifted their target price on Hub Group from $93.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. StockNews.com lowered Hub Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on Hub Group from $96.00 to $108.00 in a research report on Friday, February 3rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.86.

About Hub Group

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Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.

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

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