Nuveen Asset Management LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,016 shares of the transportation company’s stock after purchasing an additional 47,084 shares during the period. Nuveen Asset Management LLC owned approximately 1.38% of Hub Group worth $31,594,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. AXA S.A. bought a new position in Hub Group during the third quarter worth $794,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hub Group in the third quarter worth $1,104,000. FORA Capital LLC bought a new position in Hub Group in the third quarter valued at about $213,000. Hsbc Holdings PLC lifted its stake in shares of Hub Group by 3.2% in the third quarter. Hsbc Holdings PLC now owns 24,540 shares of the transportation company’s stock worth $1,722,000 after acquiring an additional 760 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Hub Group by 11.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 6,423 shares of the transportation company’s stock worth $443,000 after purchasing an additional 634 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. KeyCorp increased their price objective on Hub Group from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Barclays upped their price objective on Hub Group from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 11th. UBS Group lowered Hub Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 4th. Wolfe Research cut Hub Group from an “outperform” rating to a “peer perform” rating in a report on Thursday, November 17th. Finally, Wells Fargo & Company lifted their target price on shares of Hub Group from $93.00 to $100.00 and gave the company an “overweight” rating in a 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, Hub Group currently has a consensus rating of “Moderate Buy” and an average target price of $102.86.
Hub Group Price Performance
Hub Group (NASDAQ:HUBG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The transportation company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.36 by $0.06. Hub Group had a net margin of 6.68% and a return on equity of 23.49%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Hub Group, Inc. will post 7.85 earnings per share for the current fiscal year.
About Hub Group
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.
Further Reading
- Get a free copy of the StockNews.com research report on Hub Group (HUBG)
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