Louisiana State Employees Retirement System Acquires 2,000 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Posted by on Oct 4th, 2023

Louisiana State Employees Retirement System grew its position in Hub Group, Inc. (NASDAQ:HUBG – Free Report) by 13.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,200 shares of the transportation company’s stock after buying an additional 2,000 shares during the period. Louisiana State Employees Retirement System owned approximately 0.05% of Hub Group worth $1,382,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HUBG. Fuller & Thaler Asset Management Inc. raised its holdings in Hub Group by 108.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 770,107 shares of the transportation company’s stock worth $59,460,000 after buying an additional 400,916 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Hub Group by 1,423.2% in the first quarter. Envestnet Asset Management Inc. now owns 396,428 shares of the transportation company’s stock worth $1,778,000 after buying an additional 370,402 shares during the last quarter. Norges Bank purchased a new position in Hub Group in the fourth quarter worth about $28,885,000. Boston Partners raised its holdings in Hub Group by 34.5% in the first quarter. Boston Partners now owns 514,394 shares of the transportation company’s stock worth $42,521,000 after buying an additional 131,991 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Hub Group by 57.8% in the 4th quarter. American Century Companies Inc. now owns 307,909 shares of the transportation company’s stock worth $24,476,000 after purchasing an additional 112,824 shares during the period. 90.85% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Up 0.6 %

Shares of HUBG stock opened at $77.31 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 9.26 and a beta of 0.92. The stock has a 50 day simple moving average of $81.89 and a 200-day simple moving average of $79.80. Hub Group, Inc. has a 1-year low of $67.90 and a 1-year high of $104.67.

Hub Group (NASDAQ:HUBG – Get Free Report) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.12 billion. Hub Group had a return on equity of 17.22% and a net margin of 5.69%. The business’s quarterly revenue was down 25.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 EPS. On average, equities research analysts expect that Hub Group, Inc. will post 6.15 EPS for the current fiscal year.

Analysts Set New Price Targets

HUBG has been the subject of several research analyst reports. StockNews.com assumed coverage on Hub Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley reduced their price target on shares of Hub Group from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company upped their price target on shares of Hub Group from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Susquehanna reduced their target price on shares of Hub Group from $117.00 to $110.00 and set a “positive” rating for the company in a report on Tuesday. Finally, Benchmark increased their price objective on shares of Hub Group from $95.00 to $98.00 in a report on Monday, July 31st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $99.00.

Get Our Latest Analysis on HUBG

Hub Group Company Profile

(Free Report)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

See Also

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

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.