Citigroup Inc. Boosts Position in Hub Group, Inc. (NASDAQ:HUBG)

Citigroup Inc. boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 19.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,581 shares of the transportation company’s stock after buying an additional 4,237 shares during the period. Citigroup Inc.’s holdings in Hub Group were worth $2,113,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada grew its position in Hub Group by 3.6% in the third quarter. Royal Bank of Canada now owns 3,704 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 127 shares in the last quarter. Captrust Financial Advisors grew its position in Hub Group by 3.6% in the third quarter. Captrust Financial Advisors now owns 4,010 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 140 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Hub Group by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 5,232 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 145 shares in the last quarter. Cardinal Capital Management grew its position in Hub Group by 1.5% in the fourth quarter. Cardinal Capital Management now owns 15,381 shares of the transportation company’s stock valued at $1,223,000 after acquiring an additional 228 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Hub Group by 0.5% in the third quarter. First Trust Advisors LP now owns 50,387 shares of the transportation company’s stock valued at $3,476,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $73.20 on Thursday. Hub Group, Inc. has a fifty-two week low of $66.50 and a fifty-two week high of $104.67. The firm’s 50-day simple moving average is $78.60 and its 200 day simple moving average is $82.88. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.44 billion, a P/E ratio of 7.36 and a beta of 0.90.

Hub Group (NASDAQ:HUBG – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Hub Group had a net margin of 6.38% and a return on equity of 20.99%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. Equities analysts expect that Hub Group, Inc. will post 6.62 EPS for the current year.

Analyst Upgrades and Downgrades

HUBG has been the subject of several recent research reports. 51job reaffirmed a “maintains” rating on shares of Hub Group in a research report on Monday, May 1st. Morgan Stanley decreased their price target on shares of Hub Group from $95.00 to $93.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 4th. Stifel Nicolaus decreased their price target on shares of Hub Group from $110.00 to $94.00 in a research report on Monday, May 1st. StockNews.com began coverage on shares of Hub Group in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Robert W. Baird raised their price target on shares of Hub Group from $96.00 to $108.00 in a research report on Friday, February 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Hub Group has a consensus rating of “Moderate Buy” and an average target price of $101.21.

Hub Group Company Profile

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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.