Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC trimmed its position in Hub Group, Inc. (NASDAQ:HUBGGet Rating) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,125 shares of the transportation company’s stock after selling 159 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Hub Group were worth $550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HUBG. Pinebridge Investments L.P. acquired a new position in Hub Group in the 4th quarter valued at about $76,000. Stephens Inc. AR lifted its holdings in shares of Hub Group by 70.2% in the 4th quarter. Stephens Inc. AR now owns 970 shares of the transportation company’s stock worth $82,000 after acquiring an additional 400 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Hub Group by 11.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,699 shares of the transportation company’s stock worth $210,000 after acquiring an additional 285 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of Hub Group in the 1st quarter worth approximately $232,000. Finally, Inspire Investing LLC acquired a new position in shares of Hub Group in the 1st quarter worth approximately $236,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Up 1.4 %

Shares of NASDAQ HUBG opened at $78.64 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 52 week low of $60.81 and a 52 week high of $89.61. The firm has a 50-day moving average price of $77.40 and a 200 day moving average price of $74.90. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 8.39 and a beta of 0.89.

Insider Activity at Hub Group

In related news, Director Gary Yablon acquired 5,000 shares of Hub Group stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the purchase, the director now directly owns 7,132 shares of the company’s stock, valued at $610,499.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Gary Yablon acquired 5,000 shares of Hub Group stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the purchase, the director now directly owns 7,132 shares of the company’s stock, valued at $610,499.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Phillip D. Yeager bought 28,339 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were acquired at an average price of $104.99 per share, with a total value of $2,975,311.61. Following the completion of the acquisition, the chief operating officer now directly owns 28,339 shares in the company, valued at approximately $2,975,311.61. The disclosure for this purchase can be found here. Insiders purchased 174,900 shares of company stock worth $18,265,801 over the last 90 days. Company insiders own 3.83% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the topic of a number of research reports. Susquehanna increased their target price on shares of Hub Group from $115.00 to $117.00 and gave the stock a “positive” rating in a report on Wednesday, August 10th. Cowen increased their target price on shares of Hub Group from $109.00 to $119.00 in a research report on Thursday, August 4th. Benchmark assumed coverage on shares of Hub Group in a research note on Thursday, June 16th. They set a “buy” rating and a $90.00 price target for the company. Cowen increased their price target on shares of Hub Group from $109.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Finally, Barclays decreased their price target on shares of Hub Group from $90.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.44.

About Hub Group

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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.

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

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