Alps Advisors Inc. increased its position in shares of Hub Group Inc (NASDAQ:HUBG) by 205.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,162 shares of the transportation company’s stock after buying an additional 20,959 shares during the quarter. Alps Advisors Inc.’s holdings in Hub Group were worth $1,421,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in HUBG. CIBC Asset Management Inc purchased a new stake in shares of Hub Group during the 2nd quarter valued at approximately $216,000. Amalgamated Bank purchased a new stake in shares of Hub Group during the 2nd quarter valued at approximately $256,000. Sawtooth Solutions LLC purchased a new stake in shares of Hub Group during the 2nd quarter valued at approximately $262,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Hub Group during the 1st quarter valued at approximately $299,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Hub Group by 16.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after buying an additional 973 shares during the period. 91.20% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. Stephens set a $62.00 price target on shares of Hub Group and gave the company a “buy” rating in a research report on Thursday, August 2nd. Susquehanna Bancshares lifted their price target on shares of Hub Group from $61.00 to $64.00 and gave the company a “positive” rating in a research report on Thursday, August 2nd. BMO Capital Markets lifted their price target on shares of Hub Group from $48.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 2nd. Buckingham Research lifted their price target on shares of Hub Group from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, ValuEngine raised shares of Hub Group from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.08.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $933.22 million for the quarter, compared to analyst estimates of $1.11 billion. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. Analysts predict that Hub Group Inc will post 2.61 earnings per share for the current fiscal year.
In other Hub Group news, Director Charles R. Reaves sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the sale, the director now owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.75% of the stock is owned by insiders.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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