Nationwide Fund Advisors raised its stake in shares of Hub Group Inc. (NASDAQ:HUBG) by 16.3% during the second quarter, Holdings Channel reports. The institutional investor owned 59,064 shares of the company’s stock after buying an additional 8,270 shares during the period. Nationwide Fund Advisors owned 0.17% of Hub Group worth $2,266,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hub Group by 34.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,387,649 shares of the company’s stock valued at $56,602,000 after buying an additional 352,765 shares in the last quarter. State Street Corp increased its stake in shares of Hub Group by 6.5% in the first quarter. State Street Corp now owns 886,996 shares of the company’s stock valued at $36,178,000 after buying an additional 54,164 shares in the last quarter. Nuance Investments LLC increased its stake in shares of Hub Group by 33.2% in the second quarter. Nuance Investments LLC now owns 561,620 shares of the company’s stock valued at $21,549,000 after buying an additional 139,952 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Hub Group by 99.4% in the first quarter. Renaissance Technologies LLC now owns 355,136 shares of the company’s stock valued at $14,486,000 after buying an additional 177,000 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in shares of Hub Group by 21.3% in the first quarter. Teachers Advisors Inc. now owns 335,015 shares of the company’s stock valued at $13,665,000 after buying an additional 58,799 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors.
Hub Group Inc. (NASDAQ:HUBG) traded up 0.10% on Wednesday, hitting $40.44. 12,748 shares of the stock were exchanged. The company has a market capitalization of $1.38 billion, a PE ratio of 17.64 and a beta of 1.09. The company has a 50-day moving average price of $40.85 and a 200 day moving average price of $39.93. Hub Group Inc. has a 1-year low of $28.19 and a 1-year high of $43.51.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Tuesday, July 26th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The company had revenue of $855.60 million for the quarter, compared to analysts’ expectations of $881.40 million. Hub Group had a net margin of 2.34% and a return on equity of 13.34%. Hub Group’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Analysts anticipate that Hub Group Inc. will post $2.29 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on HUBG shares. Cowen and Company started coverage on Hub Group in a research report on Wednesday, August 17th. They set a “market perform” rating and a $43.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of Hub Group in a research report on Wednesday, July 27th. Zacks Investment Research downgraded Hub Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Barclays PLC lifted their target price on Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.00.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents who enter into contractual arrangements with Mode LLC.