Advisory Services Network LLC Invests $36,000 in Hub Group Inc (NASDAQ:HUBG)

Advisory Services Network LLC purchased a new position in shares of Hub Group Inc (NASDAQ:HUBG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 890 shares of the transportation company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also modified their holdings of HUBG. BlackRock Inc. lifted its holdings in Hub Group by 0.9% during the 4th quarter. BlackRock Inc. now owns 5,078,031 shares of the transportation company’s stock valued at $188,243,000 after purchasing an additional 46,910 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Hub Group by 10.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,251,714 shares of the transportation company’s stock worth $120,541,000 after buying an additional 294,516 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hub Group by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,833,599 shares of the transportation company’s stock worth $105,041,000 after buying an additional 107,547 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Hub Group by 1,508.2% during the fourth quarter. Macquarie Group Ltd. now owns 525,901 shares of the transportation company’s stock worth $19,495,000 after buying an additional 493,199 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hub Group during the fourth quarter worth $16,236,000. 90.74% of the stock is owned by institutional investors.

Shares of HUBG stock traded up $0.70 during mid-day trading on Friday, reaching $40.14. 182,082 shares of the stock traded hands, compared to its average volume of 276,675. The business has a fifty day moving average price of $40.42. Hub Group Inc has a 1-year low of $34.02 and a 1-year high of $56.60. The stock has a market capitalization of $1.37 billion, a P/E ratio of 15.38 and a beta of 1.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.18.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.16. Hub Group had a return on equity of 11.31% and a net margin of 5.15%. The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $946.76 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Equities research analysts expect that Hub Group Inc will post 3.29 EPS for the current fiscal year.

HUBG has been the subject of a number of research reports. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Cowen reissued an “outperform” rating and set a $28.00 target price (down previously from $30.00) on shares of Pure Storage in a report on Wednesday, May 22nd. Barclays decreased their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 4th. Finally, UBS Group cut to a “neutral” rating and decreased their price target for the stock from GBX 870 ($11.37) to GBX 650 ($8.49) in a research report on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.45.

Hub Group Company 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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