Family Firm Inc. Buys New Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Family Firm Inc. purchased a new position in Hub Group, Inc. (NASDAQ:HUBG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 616 shares of the transportation company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HUBG. Illinois Municipal Retirement Fund increased its holdings in Hub Group by 105.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after acquiring an additional 18,023 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Hub Group by 111.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after purchasing an additional 22,542 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Hub Group in the first quarter worth about $567,000. Seven Eight Capital LP boosted its stake in Hub Group by 509.7% during the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock valued at $1,104,000 after buying an additional 21,356 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Hub Group by 102.0% during the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock valued at $4,534,000 after buying an additional 52,986 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

HUBG stock opened at $43.69 on Friday. Hub Group, Inc. has a twelve month low of $31.73 and a twelve month high of $48.39. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 20.80 and a beta of 0.89. The business’s fifty day simple moving average is $43.65 and its two-hundred day simple moving average is $42.89. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. Analysts predict that Hub Group, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analyst Weigh In

HUBG has been the topic of several recent research reports. TD Cowen cut Hub Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Evercore ISI reiterated an “in-line” rating and set a $44.00 price objective on shares of Hub Group in a research report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. UBS Group upped their target price on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Susquehanna reduced their price objective on Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hub Group has an average rating of “Hold” and a consensus target price of $45.35.

About Hub Group

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.