Mercer Global Advisors Inc. ADV reduced its stake in shares of Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 36.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,972 shares of the transportation company's stock after selling 1,685 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Hub Group were worth $229,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Pinebridge Investments L.P. purchased a new stake in shares of Hub Group during the 4th quarter worth $76,000. Stephens Inc. AR boosted its position in shares of Hub Group by 70.2% in the 4th quarter. Stephens Inc. AR now owns 970 shares of the transportation company's stock worth $82,000 after buying an additional 400 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Hub Group in the 4th quarter worth about $237,000. MQS Management LLC purchased a new stake in shares of Hub Group in the 4th quarter worth about $242,000. Finally, CAPROCK Group Inc. purchased a new stake in shares of Hub Group in the 1st quarter worth about $232,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
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Insiders Place Their Bets
In other Hub Group news, COO Phillip D. Yeager purchased 28,339 shares of the stock in a transaction dated Tuesday, August 9th. The shares were bought at an average cost of $104.99 per share, with a total value of $2,975,311.61. Following the completion of the acquisition, the chief operating officer now owns 28,339 shares of the company's stock, valued at $2,975,311.61. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Hub Group news, CEO David P. Yeager purchased 141,561 shares of the stock in a transaction dated Tuesday, August 9th. The shares were bought at an average cost of $104.99 per share, with a total value of $14,862,489.39. Following the completion of the acquisition, the chief executive officer now owns 141,561 shares of the company's stock, valued at $14,862,489.39. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Phillip D. Yeager purchased 28,339 shares of the stock in a transaction dated Tuesday, August 9th. The shares were acquired at an average cost of $104.99 per share, for a total transaction of $2,975,311.61. Following the completion of the acquisition, the chief operating officer now directly 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 have purchased 174,900 shares of company stock valued at $18,265,801 over the last three months. Company insiders own 3.83% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on HUBG. Barclays decreased their price objective on shares of Hub Group from $90.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 12th. Susquehanna boosted their price objective on shares of Hub Group from $115.00 to $117.00 and gave the stock a "positive" rating in a research report on Wednesday, August 10th. Cowen boosted their target price on shares of Hub Group from $109.00 to $119.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. Evercore ISI boosted their target price on shares of Hub Group to $108.00 in a research note on Tuesday, August 9th. Finally, Cowen boosted their target price on shares of Hub Group from $109.00 to $119.00 in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Hub Group has a consensus rating of "Moderate Buy" and a consensus target price of $97.44.
Hub Group Price Performance
Shares of NASDAQ HUBG opened at $77.28 on Friday. Hub Group, Inc. has a 1-year low of $60.81 and a 1-year high of $89.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.56 and a quick ratio of 1.56. The business's fifty day moving average price is $76.82 and its two-hundred day moving average price is $74.95. The firm has a market capitalization of $2.68 billion, a PE ratio of 8.50 and a beta of 0.91.
About Hub Group
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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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