Campbell & CO Investment Adviser LLC raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 33.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,741 shares of the transportation company’s stock after acquiring an additional 1,700 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Hub Group were worth $338,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of HUBG. State Street Corp grew its position in shares of Hub Group by 7.8% in the first quarter. State Street Corp now owns 1,164,450 shares of the transportation company’s stock valued at $52,948,000 after purchasing an additional 84,290 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Hub Group by 4.4% in the 2nd quarter. Macquarie Group Ltd. now owns 1,034,197 shares of the transportation company’s stock valued at $49,497,000 after buying an additional 43,332 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Hub Group by 23.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 502,202 shares of the transportation company’s stock worth $24,035,000 after buying an additional 96,727 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hub Group by 6.6% during the first quarter. Geode Capital Management LLC now owns 487,088 shares of the transportation company’s stock worth $22,147,000 after buying an additional 30,185 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Hub Group by 6.7% during the second quarter. Stephens Investment Management Group LLC now owns 256,477 shares of the transportation company’s stock worth $12,275,000 after buying an additional 16,077 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Several analysts have weighed in on HUBG shares. BidaskClub cut shares of Hub Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Barclays raised their price objective on Hub Group from $41.00 to $45.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Hub Group from an “overweight” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Thursday, July 9th. Morgan Stanley raised their price target on Hub Group from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Hub Group has an average rating of “Hold” and a consensus target price of $54.00.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.37. Hub Group had a return on equity of 8.34% and a net margin of 2.34%. The business had revenue of $779.24 million during the quarter, compared to the consensus estimate of $780.00 million. On average, equities analysts predict that Hub Group, Inc. will post 2.42 EPS for the current fiscal year.
In other news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $52.84, for a total value of $317,040.00. Following the sale, the director now directly owns 63,351 shares in the company, valued at approximately $3,347,466.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.12% of the stock is currently owned by corporate insiders.
About Hub Group
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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