State Street Corp boosted its stake in shares of Hub Group Inc (NASDAQ:HUBG) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 959,569 shares of the company’s stock after buying an additional 88,197 shares during the period. State Street Corp’s holdings in Hub Group were worth $41,983,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of 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 purchased a new position in shares of Hub Group during the third quarter valued at $318,000. Alpine Woods Capital Investors LLC purchased a new position in shares of Hub Group during the third quarter valued at $337,000. Quadrature Capital Ltd purchased a new position in shares of Hub Group during the third quarter valued at $341,000. Finally, SG Americas Securities LLC purchased a new position in shares of Hub Group during the third quarter valued at $420,000. Institutional investors and hedge funds own 94.59% of the company’s stock.
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 stock has a market capitalization of $1.58 billion, a P/E ratio of 21.07 and a beta of 1.21. The stock has a 50 day moving average of $48.92 and a 200 day moving average of $43.58.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. The firm had revenue of $978.60 million for the quarter, compared to the consensus estimate of $936.63 million. Hub Group had a return on equity of 12.55% and a net margin of 2.09%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, equities research analysts predict that Hub Group Inc will post $2.40 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. Cowen and Company upped their target price on shares of Hub Group from $41.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, February 3rd. Susquehanna Bancshares Inc assumed coverage on shares of Hub Group in a research note on Tuesday, December 20th. They issued a “positive” rating for the company. Barclays PLC restated a “sell” rating and issued a $43.00 target price on shares of Hub Group in a research note on Tuesday, January 10th. Finally, Stifel Nicolaus downgraded shares of Hub Group from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price 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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