State Street Corp Has $36 Million Holdings in Hub Group, Inc. (HUBG)
State Street Corp raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 938,618 shares of the transportation company’s stock after purchasing an additional 5,141 shares during the period. State Street Corp owned about 2.80% of Hub Group worth $35,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of HUBG. Quantbot Technologies LP raised its position in Hub Group by 37.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 915 shares in the last quarter. Amalgamated Bank acquired a new stake in Hub Group in the 1st quarter valued at about $206,000. US Bancorp DE raised its position in Hub Group by 235.9% in the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 3,880 shares in the last quarter. State of Alaska Department of Revenue raised its position in Hub Group by 79.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,608 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in Hub Group in the 2nd quarter valued at about $253,000. 90.01% of the stock is currently owned by institutional investors.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the sale, the director now directly owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.36% of the stock is currently owned by company insiders.
Shares of Hub Group, Inc. (HUBG) opened at $44.40 on Wednesday. Hub Group, Inc. has a 1 year low of $33.17 and a 1 year high of $52.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $1,523.15, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.77 and a beta of 1.46.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. equities analysts predict that Hub Group, Inc. will post 1.69 earnings per share for the current fiscal year.
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A number of research analysts have recently commented on the company. Wells Fargo & Company reiterated a “market perform” rating and issued a $46.00 price objective (up previously from $37.00) on shares of Hub Group in a report on Thursday, November 2nd. They noted that the move was a valuation call. Barclays PLC increased their price objective on Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Monday, October 2nd. KeyCorp reiterated a “hold” rating on shares of Hub Group in a report on Tuesday, September 26th. Zacks Investment Research downgraded Hub Group from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Finally, Loop Capital assumed coverage on Hub Group in a report on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Hub Group has an average rating of “Hold” and an average price target of $45.36.
Hub Group Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It 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 entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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