Everence Capital Management Inc. Takes Position in Hub Group Inc (NASDAQ:HUBG)

Everence Capital Management Inc. bought a new stake in Hub Group Inc (NASDAQ:HUBG) in the third quarter, HoldingsChannel reports. The firm bought 4,660 shares of the transportation company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of Hub Group by 133.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 351 shares during the period. Advisory Services Network LLC purchased a new position in shares of Hub Group in the 1st quarter valued at approximately $36,000. Point72 Hong Kong Ltd lifted its stake in shares of Hub Group by 1,773.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 918 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 869 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Hub Group by 22.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 282 shares during the period. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of Hub Group by 86.7% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 91.72% of the company’s stock.

A number of research firms have recently commented on HUBG. ValuEngine upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group set a $46.00 target price on Hub Group and gave the company a “hold” rating in a research note on Wednesday, July 31st. Stephens set a $53.00 target price on Hub Group and gave the company a “buy” rating in a research note on Friday, September 27th. Morgan Stanley lowered their target price on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded Hub Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $51.00 to $60.00 in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $53.27.



In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of Hub Group stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total transaction of $211,050.00. Following the completion of the transaction, the director now owns 67,127 shares in the company, valued at $2,833,430.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.94% of the stock is currently owned by insiders.

NASDAQ:HUBG traded down $0.33 during trading hours on Wednesday, reaching $45.70. 2,433 shares of the company traded hands, compared to its average volume of 257,453. The business’s 50-day moving average price is $44.51 and its two-hundred day moving average price is $42.28. The stock has a market capitalization of $1.58 billion, a P/E ratio of 17.51 and a beta of 1.60. Hub Group Inc has a 1 year low of $34.02 and a 1 year high of $49.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.20.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The business had revenue of $921.16 million during the quarter, compared to analysts’ expectations of $973.45 million. Hub Group had a return on equity of 11.40% and a net margin of 5.69%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. As a group, equities analysts anticipate that Hub Group Inc will post 3.37 EPS for the current year.

Hub Group Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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

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