Axa S.A. Invests $794,000 in Hub Group, Inc. (NASDAQ:HUBG)

Posted by on Mar 1st, 2023

Axa S.A. purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,500 shares of the transportation company’s stock, valued at approximately $794,000.

Several other large investors have also modified their holdings of HUBG. Raymond James & Associates lifted its holdings in Hub Group by 50.5% in the first quarter. Raymond James & Associates now owns 25,950 shares of the transportation company’s stock worth $2,004,000 after acquiring an additional 8,711 shares during the last quarter. Citigroup Inc. lifted its holdings in Hub Group by 7.5% in the first quarter. Citigroup Inc. now owns 32,811 shares of the transportation company’s stock worth $2,533,000 after acquiring an additional 2,276 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Hub Group by 11.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,699 shares of the transportation company’s stock worth $210,000 after acquiring an additional 285 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Hub Group by 57.3% in the first quarter. MetLife Investment Management LLC now owns 17,693 shares of the transportation company’s stock worth $1,366,000 after acquiring an additional 6,444 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Hub Group by 1.1% in the first quarter. Rhumbline Advisers now owns 96,497 shares of the transportation company’s stock worth $7,451,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Hub Group Price Performance

Shares of HUBG stock opened at $91.73 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.62 and a beta of 0.96. The firm’s 50 day moving average is $86.79 and its 200-day moving average is $80.99. Hub Group, Inc. has a 1 year low of $60.81 and a 1 year high of $104.67.

Hub Group (NASDAQ:HUBG – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The transportation company reported $2.42 earnings per share (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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $2.48 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Hub Group, Inc. will post 7.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on HUBG shares. Robert W. Baird raised their price target on shares of Hub Group from $96.00 to $108.00 in a research note on Friday, February 3rd. Susquehanna lifted their price target on shares of Hub Group from $105.00 to $108.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Hub Group in a research note on Friday, February 3rd. Cowen lifted their target price on shares of Hub Group from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, Stephens lifted their target price on shares of Hub Group from $83.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Hub Group currently has an average rating of “Moderate Buy” and an average price target of $102.86.

Hub Group Profile

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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.

See Also

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

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