Envestnet Asset Management Inc. Sells 3,130 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Envestnet Asset Management Inc. lessened its position in shares of Hub Group, Inc. (NASDAQ:HUBGGet Rating) by 9.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 29,852 shares of the transportation company’s stock after selling 3,130 shares during the period. Envestnet Asset Management Inc.’s holdings in Hub Group were worth $2,118,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HUBG. Fuller & Thaler Asset Management Inc. increased its stake in Hub Group by 108.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 770,107 shares of the transportation company’s stock valued at $59,460,000 after purchasing an additional 400,916 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Hub Group by 191.0% in the first quarter. Goldman Sachs Group Inc. now owns 171,765 shares of the transportation company’s stock valued at $13,262,000 after purchasing an additional 112,746 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Hub Group by 318.1% in the second quarter. Assenagon Asset Management S.A. now owns 145,199 shares of the transportation company’s stock valued at $10,300,000 after purchasing an additional 110,473 shares in the last quarter. Victory Capital Management Inc. increased its stake in Hub Group by 7.1% in the first quarter. Victory Capital Management Inc. now owns 1,402,005 shares of the transportation company’s stock valued at $108,019,000 after purchasing an additional 92,516 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Hub Group by 24.2% in the first quarter. Bank of America Corp DE now owns 275,824 shares of the transportation company’s stock valued at $21,296,000 after purchasing an additional 53,780 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Hub Group Stock Up 0.9 %

Hub Group stock opened at $81.58 on Friday. Hub Group, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $89.61. The stock has a market cap of $2.71 billion, a PE ratio of 7.62 and a beta of 0.95. The firm’s 50-day simple moving average is $74.81 and its 200 day simple moving average is $75.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.38 and a current ratio of 1.38.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Cowen lifted their price target on shares of Hub Group from $109.00 to $119.00 in a research note on Thursday, August 4th. Cowen boosted their target price on shares of Hub Group from $109.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Stephens boosted their target price on shares of Hub Group from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, October 28th. Wolfe Research downgraded shares of Hub Group from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Finally, StockNews.com raised shares of Hub Group from a “hold” rating to a “buy” rating in a research report on Sunday, November 13th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.40.

Hub Group 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.

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

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