Ensign Peak Advisors Inc Sells 1,170 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Ensign Peak Advisors Inc lowered its position in Hub Group, Inc. (NASDAQ:HUBG – Get Rating) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,640 shares of the transportation company’s stock after selling 1,170 shares during the period. Ensign Peak Advisors Inc’s holdings in Hub Group were worth $872,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AXA S.A. bought a new stake in shares of Hub Group in the 3rd quarter valued at $794,000. Delphia USA Inc. bought a new stake in shares of Hub Group in the 2nd quarter valued at $232,000. Dimensional Fund Advisors LP increased its position in shares of Hub Group by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,351,312 shares of the transportation company’s stock valued at $162,198,000 after buying an additional 13,674 shares in the last quarter. Intrust Bank NA bought a new stake in shares of Hub Group in the 2nd quarter valued at $234,000. Finally, Raymond James & Associates increased its position in shares of Hub Group by 6.3% in the 3rd quarter. Raymond James & Associates now owns 29,596 shares of the transportation company’s stock valued at $2,042,000 after buying an additional 1,767 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HUBG. Benchmark reiterated a “buy” rating and set a $90.00 target price on shares of Hub Group in a report on Friday, February 3rd. Susquehanna increased their target price on Hub Group from $105.00 to $108.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. Wells Fargo & Company increased their target price on Hub Group from $93.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Morgan Stanley increased their target price on Hub Group from $87.00 to $95.00 and gave the stock an “equal weight” rating in a report on Monday, February 6th. Finally, StockNews.com cut Hub Group from a “buy” rating to a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hub Group currently has an average rating of “Moderate Buy” and a consensus target price of $102.86.

Hub Group Trading Down 2.4 %

Shares of NASDAQ:HUBG opened at $88.45 on Monday. Hub Group, Inc. has a 52-week low of $60.81 and a 52-week high of $104.67. The company has a market capitalization of $2.95 billion, a P/E ratio of 8.31 and a beta of 0.93. The company has a 50-day simple moving average of $88.47 and a 200 day simple moving average of $81.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.53 and a current ratio of 1.53.

Hub Group (NASDAQ:HUBG – Get Rating) last issued its earnings results on Thursday, February 2nd. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.06. Hub Group had a net margin of 6.68% and a return on equity of 23.49%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $2.48 EPS. Hub Group’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Hub Group, Inc. will post 7.87 earnings per share for the current year.

About Hub Group

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Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.