US Bancorp DE Sells 2,448 Shares of Hub Group, Inc. (NASDAQ:HUBG)

US Bancorp DE trimmed its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,311 shares of the transportation company’s stock after selling 2,448 shares during the period. US Bancorp DE’s holdings in Hub Group were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBG. Raymond James & Associates grew its holdings in Hub Group by 50.5% during the 1st quarter. Raymond James & Associates now owns 25,950 shares of the transportation company’s stock worth $2,004,000 after acquiring an additional 8,711 shares in the last quarter. Citigroup Inc. grew its holdings in Hub Group by 7.5% during the 1st quarter. Citigroup Inc. now owns 32,811 shares of the transportation company’s stock worth $2,533,000 after acquiring an additional 2,276 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Hub Group by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,699 shares of the transportation company’s stock worth $210,000 after acquiring an additional 285 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Hub Group by 57.3% during the 1st quarter. MetLife Investment Management LLC now owns 17,693 shares of the transportation company’s stock worth $1,366,000 after acquiring an additional 6,444 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Hub Group by 1.1% during the first quarter. Rhumbline Advisers now owns 96,497 shares of the transportation company’s stock valued at $7,451,000 after buying an additional 1,061 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stephens increased their price target on shares of Hub Group from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, October 28th. UBS Group lowered shares of Hub Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 4th. StockNews.com lowered shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Morgan Stanley increased their price objective on shares of Hub Group from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 11th. Finally, Wolfe Research lowered shares of Hub Group from an “outperform” rating to a “peer perform” rating in a research report on Thursday, November 17th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $97.67.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $83.04 on Friday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.76 and a beta of 0.95. Hub Group, Inc. has a 12 month low of $60.81 and a 12 month high of $89.61. The firm’s 50 day simple moving average is $80.92 and its 200-day simple moving average is $77.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.38 and a quick ratio of 1.38.

Hub Group (NASDAQ:HUBG – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The transportation company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.20. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Hub Group had a net margin of 6.82% and a return on equity of 24.88%. Analysts expect that Hub Group, Inc. will post 10.61 EPS for the current year.

Hub Group Company 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.