Retirement Systems of Alabama Trims Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Retirement Systems of Alabama trimmed its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,157 shares of the transportation company’s stock after selling 7,753 shares during the period. Retirement Systems of Alabama owned approximately 0.16% of Hub Group worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Silicon Valley Capital Partners grew its stake in Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after buying an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after buying an additional 334 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Hub Group in the 1st quarter valued at approximately $38,000. Versant Capital Management Inc grew its stake in Hub Group by 109.2% in the 1st quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after buying an additional 572 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Hub Group in the 1st quarter valued at $52,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Performance

Hub Group stock opened at $43.96 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.74 billion, a PE ratio of 20.93 and a beta of 0.89. The firm has a fifty day simple moving average of $43.67 and a two-hundred day simple moving average of $42.88. Hub Group, Inc. has a twelve month low of $31.73 and a twelve month high of $48.39.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Research analysts expect that Hub Group, Inc. will post 2.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group raised their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Evercore ISI reissued an “in-line” rating and issued a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $43.00 in a report on Thursday, July 18th. Finally, Stifel Nicolaus cut their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.35.

Hub Group Profile

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.