Moors & Cabot Inc. Buys Shares of 5,100 Cubic Co. (CUB)

Moors & Cabot Inc. bought a new position in Cubic Co. (NYSE:CUB) in the 1st quarter, HoldingsChannel reports. The fund bought 5,100 shares of the scientific and technical instruments company’s stock, valued at approximately $284,000.

Other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in shares of Cubic during the 4th quarter valued at about $29,000. Parallel Advisors LLC bought a new position in shares of Cubic during the 1st quarter valued at about $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Cubic during the 4th quarter valued at about $76,000. Bank of Montreal Can boosted its holdings in shares of Cubic by 10.1% during the 4th quarter. Bank of Montreal Can now owns 1,973 shares of the scientific and technical instruments company’s stock valued at $106,000 after purchasing an additional 181 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cubic by 32.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,389 shares of the scientific and technical instruments company’s stock valued at $134,000 after purchasing an additional 583 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

CUB opened at $60.84 on Thursday. Cubic Co. has a 52 week low of $50.61 and a 52 week high of $77.35. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 95.06 and a beta of 1.20. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.



Cubic (NYSE:CUB) last released its quarterly earnings data on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.44. Cubic had a net margin of 0.62% and a return on equity of 3.44%. The business had revenue of $337.30 million during the quarter, compared to the consensus estimate of $326.88 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue was up 21.1% on a year-over-year basis. On average, sell-side analysts forecast that Cubic Co. will post 3.34 EPS for the current fiscal year.

CUB has been the subject of several research reports. Zacks Investment Research downgraded shares of Cubic from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Drexel Hamilton reissued a “buy” rating and set a $85.00 price objective on shares of Cubic in a report on Thursday, February 7th. ValuEngine downgraded shares of Cubic from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Citigroup initiated coverage on shares of Cubic in a report on Friday, February 15th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Canaccord Genuity dropped their price objective on shares of Cubic from $74.00 to $70.00 and set a “buy” rating for the company in a report on Friday, April 5th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $73.72.

In other Cubic news, Director Edwin A. Guiles bought 1,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of $62.28 per share, for a total transaction of $62,280.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John H. Warner, Jr. bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $60.25 per share, for a total transaction of $301,250.00. The disclosure for this purchase can be found here. Insiders have bought a total of 9,655 shares of company stock worth $580,192 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

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About Cubic

Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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