State Street Corp Has $41,983,000 Stake in Hub Group Inc (HUBG)
State Street Corp increased its stake in Hub Group Inc (NASDAQ:HUBG) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959,569 shares of the company’s stock after buying an additional 88,197 shares during the period. State Street Corp owned approximately 2.83% of Hub Group worth $41,983,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Hub Group by 9.8% in the third quarter. Aperio Group LLC now owns 6,238 shares of the company’s stock valued at $254,000 after buying an additional 556 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Hub Group during the third quarter valued at about $318,000. Alpine Woods Capital Investors LLC bought a new stake in Hub Group during the third quarter valued at about $337,000. Quadrature Capital Ltd bought a new stake in Hub Group during the third quarter valued at about $341,000. Finally, SG Americas Securities LLC bought a new stake in Hub Group during the third quarter valued at about $420,000. 94.59% of the stock is currently owned by institutional investors.
Hub Group Inc (NASDAQ:HUBG) opened at 46.35 on Tuesday. Hub Group Inc has a 52-week low of $34.35 and a 52-week high of $52.50. The company has a market capitalization of $1.58 billion, a P/E ratio of 21.07 and a beta of 1.21. The firm has a 50-day moving average price of $48.92 and a 200 day moving average price of $43.58.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. Hub Group had a net margin of 2.09% and a return on equity of 12.55%. The company earned $978.60 million during the quarter, compared to the consensus estimate of $936.63 million. During the same period in the previous year, the firm earned $0.63 earnings per share. Hub Group’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Hub Group Inc will post $2.40 earnings per share for the current fiscal year.
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Several analysts have recently issued reports on the company. Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 28th. Cowen and Company increased their target price on Hub Group from $41.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, February 3rd. Susquehanna Bancshares Inc assumed coverage on Hub Group in a report on Tuesday, December 20th. They set a “positive” rating on the stock. Barclays PLC reissued a “sell” rating and set a $43.00 target price on shares of Hub Group in a report on Tuesday, January 10th. Finally, Stifel Nicolaus lowered Hub Group from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Tuesday, November 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.29.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents who enter into contractual arrangements with Mode LLC.
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