ProShare Advisors LLC reduced its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,393 shares of the transportation company's stock after selling 911 shares during the quarter. ProShare Advisors LLC's holdings in Hub Group were worth $570,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Pinebridge Investments L.P. acquired a new position in Hub Group during the fourth quarter worth about $76,000. Stephens Inc. AR increased its position in Hub Group by 70.2% during the 4th quarter. Stephens Inc. AR now owns 970 shares of the transportation company's stock worth $82,000 after purchasing an additional 400 shares in the last quarter. CAPROCK Group Inc. bought a new position in Hub Group in the 1st quarter valued at approximately $232,000. Inspire Investing LLC acquired a new stake in Hub Group in the first quarter valued at approximately $236,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Hub Group during the fourth quarter worth $237,000. 94.21% of the stock is owned by institutional investors and hedge funds.
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Hub Group Trading Down 2.2 %
Shares of HUBG stock opened at $79.81 on Thursday. Hub Group, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $89.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day simple moving average of $76.62 and a two-hundred day simple moving average of $74.96. The company has a market cap of $2.77 billion, a P/E ratio of 8.52 and a beta of 0.91.
Insider Transactions at Hub Group
In related news, Director Gary Yablon bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost of $85.60 per share, with a total value of $428,000.00. Following the completion of the purchase, the director now directly owns 7,132 shares in the company, valued at $610,499.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gary Yablon bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average cost of $85.60 per share, with a total value of $428,000.00. Following the transaction, the director now directly owns 7,132 shares of the company's stock, valued at approximately $610,499.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Phillip D. Yeager purchased 28,339 shares of the business's stock in a transaction on Tuesday, August 9th. The stock was purchased at an average price of $104.99 per share, for a total transaction of $2,975,311.61. Following the acquisition, the chief operating officer now owns 28,339 shares of the company's stock, valued at approximately $2,975,311.61. The disclosure for this purchase can be found here. Insiders purchased a total of 174,900 shares of company stock valued at $18,265,801 in the last quarter. 3.83% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
HUBG has been the topic of several recent research reports. Susquehanna Bancshares raised their price objective on Hub Group from $115.00 to $117.00 and gave the company a "positive" rating in a report on Wednesday, August 10th. Morgan Stanley upped their price objective on Hub Group from $85.00 to $92.00 and gave the company an "equal weight" rating in a research note on Monday, August 15th. Evercore ISI lifted their target price on shares of Hub Group to $108.00 in a research report on Tuesday, August 9th. Barclays decreased their price target on shares of Hub Group from $90.00 to $82.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 12th. Finally, Susquehanna lifted their price target on shares of Hub Group from $115.00 to $117.00 and gave the stock a "positive" rating in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.44.
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
- Get a free copy of the StockNews.com research report on Hub Group (HUBG)
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