Hub Group (NASDAQ:HUBG) Reaches New 12-Month High on Insider Buying Activity

Hub Group, Inc. (NASDAQ:HUBGGet Rating) shares reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as $88.21 and last traded at $88.18, with a volume of 748 shares. The stock had previously closed at $86.52.

Specifically, Director Gary Yablon acquired 5,000 shares of Hub Group stock in a transaction on Thursday, August 11th. The shares were bought at an average price of $85.60 per share, with a total value of $428,000.00. Following the completion of the purchase, the director now owns 7,132 shares in the company, valued at $610,499.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Gary Yablon purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of $85.60 per share, with a total value of $428,000.00. Following the completion of the purchase, the director now directly owns 7,132 shares of the company’s stock, valued at approximately $610,499.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David P. Yeager purchased 141,561 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were purchased at an average cost of $104.99 per share, for a total transaction of $14,862,489.39. Following the purchase, the chief executive officer now directly owns 141,561 shares of the company’s stock, valued at $14,862,489.39. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 174,900 shares of company stock valued at $18,265,801. 3.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HUBG shares. Cowen upped their price target on Hub Group from $109.00 to $119.00 in a research note on Thursday, August 4th. JPMorgan Chase & Co. raised Hub Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $76.00 to $92.00 in a research note on Friday, April 29th. Benchmark assumed coverage on Hub Group in a research note on Thursday, June 16th. They issued a “buy” rating and a $90.00 target price on the stock. Morgan Stanley increased their target price on Hub Group from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Susquehanna Bancshares increased their target price on Hub Group from $115.00 to $117.00 and gave the company a “positive” rating in a research note on Wednesday, August 10th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.44.

Hub Group Stock Performance

The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $73.59 and a two-hundred day simple moving average of $74.29. The stock has a market capitalization of $3.07 billion, a P/E ratio of 9.23 and a beta of 0.91.

Institutional Trading of Hub Group

A number of hedge funds have recently made changes to their positions in the business. Corton Capital Inc. acquired a new stake in shares of Hub Group in the second quarter valued at approximately $210,000. Delphia USA Inc. acquired a new stake in shares of Hub Group in the second quarter valued at approximately $232,000. Macquarie Group Ltd. lifted its holdings in Hub Group by 4.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,229,557 shares of the transportation company’s stock worth $87,225,000 after purchasing an additional 51,768 shares during the last quarter. PDT Partners LLC lifted its holdings in Hub Group by 29.0% during the 2nd quarter. PDT Partners LLC now owns 30,179 shares of the transportation company’s stock worth $2,141,000 after purchasing an additional 6,779 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in Hub Group by 75.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,336 shares of the transportation company’s stock worth $166,000 after purchasing an additional 1,001 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

About Hub Group

(Get Rating)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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