Mutual of America Capital Management LLC Increases Stake in Hub Group, Inc. (NASDAQ:HUBG)

Mutual of America Capital Management LLC increased its holdings in Hub Group, Inc. (NASDAQ:HUBGGet Rating) by 5.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,886 shares of the transportation company’s stock after purchasing an additional 245 shares during the period. Mutual of America Capital Management LLC’s holdings in Hub Group were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Hub Group by 8.9% in the 4th quarter. State Street Corp now owns 1,387,651 shares of the transportation company’s stock valued at $116,896,000 after purchasing an additional 113,171 shares in the last quarter. Geode Capital Management LLC boosted its position in Hub Group by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 610,163 shares of the transportation company’s stock valued at $51,400,000 after buying an additional 44,588 shares during the period. Invesco Ltd. boosted its position in Hub Group by 4.9% during the 4th quarter. Invesco Ltd. now owns 577,728 shares of the transportation company’s stock valued at $48,669,000 after buying an additional 26,740 shares during the period. Nuveen Asset Management LLC boosted its position in Hub Group by 2.9% during the 4th quarter. Nuveen Asset Management LLC now owns 570,723 shares of the transportation company’s stock valued at $48,078,000 after buying an additional 15,993 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Hub Group by 2.2% during the 4th quarter. JPMorgan Chase & Co. now owns 508,566 shares of the transportation company’s stock valued at $42,841,000 after buying an additional 10,983 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HUBG shares. Cowen increased their price target on shares of Hub Group from $95.00 to $109.00 in a research report on Friday, April 29th. KeyCorp dropped their price target on shares of Hub Group from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, April 11th. Susquehanna Bancshares raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $83.00 price target for the company in a research report on Tuesday, April 26th. Benchmark started coverage on shares of Hub Group in a research report on Thursday, June 16th. They set a “buy” rating and a $90.00 price target for the company. Finally, Cowen upped their price objective on shares of Hub Group from $95.00 to $109.00 in a report on Friday, April 29th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Hub Group currently has an average rating of “Moderate Buy” and an average price target of $93.38.

Hub Group Stock Up 1.1 %

Shares of Hub Group stock opened at $76.40 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50-day moving average of $72.02 and a 200 day moving average of $74.11. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 10.73 and a beta of 0.91. Hub Group, Inc. has a 1 year low of $60.81 and a 1 year high of $87.21.

Hub Group (NASDAQ:HUBGGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The transportation company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $1.12. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. Hub Group had a net margin of 5.24% and a return on equity of 18.49%. Hub Group’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. As a group, sell-side analysts anticipate that Hub Group, Inc. will post 9.48 earnings per share for the current fiscal year.

Hub Group Company Profile

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Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

Further Reading

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

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