New York State Teachers Retirement System Reduces Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

New York State Teachers Retirement System lessened its position in shares of Hub Group, Inc. (NASDAQ:HUBGGet Rating) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,682 shares of the transportation company’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Hub Group were worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBG. Ronald Blue Trust Inc. bought a new stake in Hub Group during the 2nd quarter worth approximately $26,000. Quadrant Capital Group LLC increased its holdings in Hub Group by 58.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 400 shares of the transportation company’s stock worth $28,000 after acquiring an additional 147 shares during the period. Pinebridge Investments L.P. increased its holdings in Hub Group by 315.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 415 shares of the transportation company’s stock worth $29,000 after acquiring an additional 315 shares during the period. CWM LLC increased its holdings in Hub Group by 1,324.3% during the 2nd quarter. CWM LLC now owns 527 shares of the transportation company’s stock worth $37,000 after acquiring an additional 490 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Hub Group during the 1st quarter worth approximately $46,000. Institutional investors own 94.46% of the company’s stock.

Hub Group Trading Down 1.3 %

Shares of HUBG opened at $81.78 on Monday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 7.64 and a beta of 0.95. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $80.81 and a two-hundred day simple moving average of $77.39. Hub Group, Inc. has a twelve month low of $60.81 and a twelve month high of $89.61.

Hub Group (NASDAQ:HUBGGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The transportation company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.20. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Hub Group had a net margin of 6.82% and a return on equity of 24.88%. On average, research analysts anticipate that Hub Group, Inc. will post 10.61 EPS for the current year.

Analysts Set New Price Targets

HUBG has been the topic of a number of analyst reports. StockNews.com lowered shares of Hub Group from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Wells Fargo & Company decreased their price target on shares of Hub Group from $95.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, January 4th. Barclays increased their price target on shares of Hub Group from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 11th. Wolfe Research lowered shares of Hub Group from an “outperform” rating to a “peer perform” rating in a report on Thursday, November 17th. Finally, UBS Group lowered shares of Hub Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 4th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.67.

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.

Further Reading

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

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