PNC Financial Services Group Inc. Increases Position in Hub Group Inc (HUBG)

PNC Financial Services Group Inc. increased its stake in shares of Hub Group Inc (NASDAQ:HUBG) by 28.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,076 shares of the transportation company’s stock after purchasing an additional 456 shares during the period. PNC Financial Services Group Inc.’s holdings in Hub Group were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new stake in Hub Group during the 4th quarter valued at about $39,000. Quantamental Technologies LLC purchased a new stake in Hub Group during the 4th quarter valued at about $40,000. Acadian Asset Management LLC purchased a new stake in Hub Group during the 4th quarter valued at about $60,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hub Group by 30.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock worth $87,000 after buying an additional 544 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in Hub Group in the 3rd quarter worth approximately $216,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hub Group stock traded down $0.19 on Friday, reaching $44.28. The company’s stock had a trading volume of 164,803 shares, compared to its average volume of 193,474. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 16.97 and a beta of 1.67. Hub Group Inc has a 52 week low of $34.02 and a 52 week high of $56.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 7th. The transportation company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Hub Group had a return on equity of 11.14% and a net margin of 4.77%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $972.54 million. During the same quarter last year, the company earned $0.74 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Hub Group Inc will post 3.21 EPS for the current fiscal year.

Several equities research analysts have weighed in on HUBG shares. Buckingham Research dropped their price objective on Hub Group from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, April 2nd. Stephens increased their price objective on Hub Group to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 8th. They noted that the move was a valuation call. BidaskClub cut Hub Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. ValuEngine upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, Barclays lowered their target price on Hub Group from $48.00 to $46.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.64.

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

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