Hub Group Inc (HUBG) Holdings Increased by Bank of Montreal Can

Share on StockTwits

Bank of Montreal Can boosted its position in Hub Group Inc (NASDAQ:HUBG) by 7.3% during the 1st quarter, HoldingsChannel reports. The firm owned 42,691 shares of the transportation company’s stock after purchasing an additional 2,914 shares during the quarter. Bank of Montreal Can’s holdings in Hub Group were worth $1,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Hub Group by 0.9% in the 4th quarter. BlackRock Inc. now owns 5,078,031 shares of the transportation company’s stock worth $188,243,000 after purchasing an additional 46,910 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Hub Group by 10.0% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,251,714 shares of the transportation company’s stock valued at $120,541,000 after buying an additional 294,516 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hub Group by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,229,650 shares of the transportation company’s stock valued at $147,272,000 after buying an additional 59,261 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hub Group by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,833,599 shares of the transportation company’s stock valued at $105,041,000 after buying an additional 107,547 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Hub Group by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 1,427,345 shares of the transportation company’s stock valued at $52,912,000 after buying an additional 6,844 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Several research firms have recently weighed in on HUBG. BidaskClub cut shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Thursday, May 9th. Barclays lowered their price objective on shares of Hub Group from $48.00 to $46.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th. Stephens raised their price objective on shares of Hub Group to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 8th. They noted that the move was a valuation call. Finally, Buckingham Research lowered their price objective on shares of Hub Group from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Hub Group presently has a consensus rating of “Hold” and an average price target of $54.73.

Shares of NASDAQ:HUBG opened at $41.45 on Monday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 15.88 and a beta of 1.65. Hub Group Inc has a 52 week low of $34.02 and a 52 week high of $56.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.18.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The company had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $946.76 million. Hub Group had a net margin of 5.15% and a return on equity of 11.31%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. As a group, equities analysts forecast that Hub Group Inc will post 3.34 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Highlight Press and is the sole property of of Highlight Press. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://highlightpress.com/2019/05/20/hub-group-inc-hubg-holdings-increased-by-bank-of-montreal-can.html.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

See Also: Futures Contract

Want to see what other hedge funds are holding HUBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hub Group Inc (NASDAQ:HUBG).

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

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.