Putnam Investments LLC decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 17,944 shares of the transportation company’s stock after selling 324 shares during the quarter. Putnam Investments LLC’s holdings in Hub Group were worth $1,238,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. AXA S.A. bought a new stake in Hub Group during the third quarter worth about $794,000. Delphia USA Inc. acquired a new position in Hub Group during the second quarter worth about $232,000. Dimensional Fund Advisors LP raised its stake in Hub Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,351,312 shares of the transportation company’s stock worth $162,198,000 after acquiring an additional 13,674 shares in the last quarter. Intrust Bank NA acquired a new position in Hub Group during the second quarter worth about $234,000. Finally, Raymond James & Associates raised its stake in Hub Group by 6.3% during the third quarter. Raymond James & Associates now owns 29,596 shares of the transportation company’s stock worth $2,042,000 after acquiring an additional 1,767 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on HUBG. Robert W. Baird boosted their target price on Hub Group from $96.00 to $108.00 in a research note on Friday, February 3rd. Stephens boosted their target price on Hub Group from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Susquehanna upped their price objective on Hub Group from $105.00 to $108.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Wolfe Research downgraded Hub Group from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. Finally, Wells Fargo & Company upped their price objective on Hub Group from $93.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.86.
Hub Group Price Performance
Hub Group (NASDAQ:HUBG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.06. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hub Group had a return on equity of 23.49% and a net margin of 6.68%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 EPS. On average, equities analysts predict that Hub Group, Inc. will post 7.87 earnings per share for the current year.
Hub Group Profile
Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.
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