Hub Group Inc (HUBG) was Initiated by Cowen to “Market Perform” and the brokerage firm has set the Price Target at $43. Cowen advised their investors in a research report released on Aug 17, 2016.
On the company’s financial health, Hub Group Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.40. The company had revenue of $805.60 million for the quarter, compared to analysts expectations of $839.81 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Hub Group Inc closed down -0.25 points or -0.61% at $40.72 with 1,99,334 shares getting traded on Monday. Post opening the session at $40.96, the shares hit an intraday low of $40.68 and an intraday high of $41.425 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 12, 2016, James Gaw (EVP Sales) sold 60,000 shares at $44.06 per share price. According to the SEC, on Feb 10, 2016, Martin P Slark (director) purchased 10,000 shares at $34.88 per share price. On Nov 20, 2015, Christopher R Kravas (Chief Marketing Officer) sold 2,000 shares at $38.96 per share price, according to the Form-4 filing with the securities and exchange commission.
Hub Group Inc. is an asset-light freight transportation management company. The Company is an intermodal marketing company (IMC) in the United States a truck broker and a full service transportation provider. The Company operates through two business segments namely Mode and Hub. The Mode segment markets and operates its freight transportation services primarily through its network of independent business owners (IBOs) who enter into contracts with Mode. The Hub segment provides intermodal truck brokerage and logistics services through a network of operating centers throughout the United States Canada and Mexico. The Company arranges freight movement for its customers through transportation carriers and equipment providers. The Companys transportation services for both the Hub and the Mode segments can be classified into three categories namely intermodal truck brokerage (highway services) and logistics and other services.