The Vanguard Group, Inc. has recently announced that it has increased stake in Hub Group Inc. (NASDAQ:HUBG) by 1.37%. After grabbing 3.67 million shares, the institutional investor is now in possession of 49788.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 11.25% having worth around $292.0 million. Moreover, Dimensional Fund Advisors LP increased its share by 13674.0 to have a control over 2.35 million shares. And Millennium Management LLC raised its holdings to 84278.0 shares by acquiring 0.89 million shares or 2.72% of the stake.
Hub Group Inc. (HUBG) concluded trading on 01/19/23 at a closing price of $81.21, with 0.15 million shares of worth about $11.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.76% during that period and on Thursday the price saw a gain of about 0.22%. Currently the company’s common shares owned by public are about 33.15M shares, out of which, 31.95M shares are available for trading.
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Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $121.00 and could fall to a lowest price of $80.00. The stock’s current price level is 13.91% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.51% for the stock. However, touching the estimated high of $121.00 would mean a gain of 32.88% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 11,403 shares in 4 of the transactions. In 4 selling transactions, insiders dumped 1,382 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Capitol Series Trust – Fuller & T are the top 3 mutual funds which are holding stakes in Hub Group Inc. iShares Core S&P Small Cap ETF is currently holding 2.41 million shares of worth totaling $191.83 million. The company recently came selling 4472.0 shares which brought its stake up to 7.39% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1551.0 shares, after which its hold over company’s outstanding shares expand to 2.98%, leaving 0.97 million shares with the mutual fund that have a worth of about $77.44 million. Capitol Series Trust – Fuller & T, after buying 0.94 million shares, have now control over 2.88% of the stake in the company. It holds 0.0 shares of worth $74.7 million.
Hub Group Inc. (NASDAQ: HUBG) started trading at $80.71, below -$0.32 from concluding price of the previous day. However, the stock later moved at a day high price of 81.70, or with a gain of 0.22%. Stock saw a price change of -0.61% in past 5 days and over the past one month there was a price change of 0.42%. Year-to-date (YTD), HUBG shares are showing a performance of 2.16% which increased to 2.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.81 but also hit the highest price of $89.61 during that period. The average intraday trading volume for Hub Group Inc. shares is 225.71K. The stock is currently trading 1.41% above its 20-day simple moving average (SMA20), while that difference is up 0.62% for SMA50 and it goes to 8.06% higher than SMA200.
The Vanguard Group, Inc. acquired 3.67 million shares of Hub Group Inc. having value of about $292.0 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 49788.0 shares in the company valued at close to $4043283.48, or have control over 1.37% stake in the company. Hub Group Inc. (NASDAQ: HUBG) currently have 33.15M outstanding shares and institutions hold larger chunk of about 99.16% of that. Holding of mutual funds in the company is about 63.71% while other institutional holders and individual stake holders have control over 8.91% and 34.34% of the stake respectively.
The stock has a current market capitalization of $2.73B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 7.60, while it has posted earnings per share of $10.69 in the same period. Its PEG reads 0.46 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HUBG, volatility over the week remained 2.59% while standing at 2.88% over the month.
Analysts are in expectations that Hub Group Inc. (HUBG) stock would likely to be making an EPS of $2.3 in the current quarter, while forecast for next quarter EPS is $1.87 and it is $7.47 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.12 which is $2.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 130.70% while it is estimated to decrease by -28.25% in next year. EPS is likely to shrink at an annualized rate of 16.50% for next 5-years, compared to annual growth of 24.40% made by the stock over the past 5-years.
On August 04, 2022, Cowen Reiterated their recommendations, while on June 17, 2022, The Benchmark Company Initiated their ratings for the stock with a price target of $90. Stock get an Overweight rating from JP Morgan on April 29, 2022.
