Hub Group Inc (HUBG) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP decreased its stake in shares of Hub Group Inc (NASDAQ:HUBG) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,590 shares of the transportation company’s stock after selling 4,355 shares during the period. Systematic Financial Management LP’s holdings in Hub Group were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in Hub Group by 123.4% during the third quarter. Renaissance Technologies LLC now owns 80,936 shares of the transportation company’s stock worth $3,691,000 after buying an additional 44,700 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Hub Group during the third quarter worth $232,000. Legal & General Group Plc increased its holdings in shares of Hub Group by 7.6% during the third quarter. Legal & General Group Plc now owns 94,837 shares of the transportation company’s stock worth $4,316,000 after buying an additional 6,681 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Hub Group by 1.9% during the third quarter. Vanguard Group Inc. now owns 3,229,650 shares of the transportation company’s stock worth $147,272,000 after buying an additional 59,261 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Hub Group by 14.3% during the fourth quarter. Bank of Montreal Can now owns 39,777 shares of the transportation company’s stock worth $1,475,000 after buying an additional 4,962 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

NASDAQ HUBG opened at $41.45 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 13.16 and a beta of 1.65. Hub Group Inc has a twelve month low of $34.02 and a twelve month high of $56.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 1.18.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.16. The business had revenue of $933.00 million during the quarter, compared to the consensus estimate of $946.76 million. Hub Group had a return on equity of 11.31% and a net margin of 5.15%. Hub Group’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, sell-side analysts anticipate that Hub Group Inc will post 3.34 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Stephens increased their price objective on Hub Group to $55.00 and gave the company an “overweight” rating in a report on Friday, February 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, May 9th. Barclays decreased their price objective on Hub Group from $48.00 to $46.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Finally, Buckingham Research decreased 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.73.

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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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