Voya Investment Management LLC Has $511,000 Stake in Cubic Corporation (NYSE:CUB)

Voya Investment Management LLC increased its position in Cubic Corporation (NYSE:CUB) by 20.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,044 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,876 shares during the period. Voya Investment Management LLC’s holdings in Cubic Corporation were worth $511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Cubic Corporation by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,730,599 shares of the scientific and technical instruments company’s stock worth $80,126,000 after acquiring an additional 106,660 shares during the period. Suntrust Banks Inc. grew its holdings in shares of Cubic Corporation by 9.0% in the 2nd quarter. Suntrust Banks Inc. now owns 64,030 shares of the scientific and technical instruments company’s stock worth $2,964,000 after acquiring an additional 5,289 shares during the period. California Public Employees Retirement System grew its holdings in shares of Cubic Corporation by 9.2% in the 2nd quarter. California Public Employees Retirement System now owns 47,500 shares of the scientific and technical instruments company’s stock worth $2,199,000 after acquiring an additional 4,000 shares during the period. Northern Trust Corp grew its holdings in shares of Cubic Corporation by 1.6% in the 2nd quarter. Northern Trust Corp now owns 635,897 shares of the scientific and technical instruments company’s stock worth $29,441,000 after acquiring an additional 10,316 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Cubic Corporation by 17.3% in the 2nd quarter. Citigroup Inc. now owns 28,929 shares of the scientific and technical instruments company’s stock worth $1,339,000 after acquiring an additional 4,275 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Shares of Cubic Corporation (CUB) opened at $53.05 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.71 and a debt-to-equity ratio of 0.30. Cubic Corporation has a fifty-two week low of $39.58 and a fifty-two week high of $57.05.

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CUB has been the topic of a number of research reports. Zacks Investment Research cut Cubic Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub cut Cubic Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Canaccord Genuity lowered their price target on Cubic Corporation from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 4th. ValuEngine cut Cubic Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $48.00 price target (down previously from $52.00) on shares of Cubic Corporation in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.67.

Cubic Corporation Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

Institutional Ownership by Quarter for Cubic Corporation (NYSE:CUB)

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