American International Group Inc. Acquires 1,399 Shares of Hub Group, Inc. (HUBG)

American International Group Inc. grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,951 shares of the transportation company’s stock after purchasing an additional 1,399 shares during the quarter. American International Group Inc. owned about 0.08% of Hub Group worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Texas Permanent School Fund raised its holdings in Hub Group by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 24,441 shares of the transportation company’s stock worth $937,000 after acquiring an additional 208 shares during the period. Macquarie Group Ltd. raised its holdings in Hub Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 30,566 shares of the transportation company’s stock worth $1,172,000 after acquiring an additional 232 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Hub Group by 4.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock worth $303,000 after acquiring an additional 310 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares during the period. Finally, Piermont Capital Management Inc. raised its holdings in Hub Group by 1.1% in the 2nd quarter. Piermont Capital Management Inc. now owns 56,300 shares of the transportation company’s stock worth $2,159,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 93.87% of the company’s stock.

Hub Group, Inc. (NASDAQ HUBG) opened at $46.70 on Tuesday. Hub Group, Inc. has a twelve month low of $33.17 and a twelve month high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1,586.25, a PE ratio of 27.19, a PEG ratio of 1.82 and a beta of 1.49.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. equities research analysts forecast that Hub Group, Inc. will post 1.7 earnings per share for the current year.

Several research analysts recently commented on HUBG shares. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 target price on shares of Hub Group in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Monday, October 2nd. UBS lifted their target price on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 27th. BidaskClub upgraded shares of Hub Group from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $45.00 target price on shares of Hub Group in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.75.

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Hub Group Company Profile

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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