Insider Selling: Hub Group EVP Unloads 5,000 Shares of Stock (HUBG)
Hub Group (NASDAQ:HUBG) EVP Dennis R. Polsen unloaded 5,000 shares of Hub Group stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president now directly owns 83,536 shares in the company, valued at approximately $3,508,512. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
HUBG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Hub Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $39.10 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Hub Group from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, December 5th. Finally, analysts at BMO Capital Markets cut their price target on shares of Hub Group from $39.00 to $38.00 in a research note to investors on Friday, October 18th. They now have a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, Hub Group has an average rating of “Hold” and a consensus target price of $39.39.
Hub Group (NASDAQ:HUBG) traded up 0.95% on Tuesday, hitting $42.36. 159,451 shares of the company’s stock traded hands. Hub Group has a one year low of $33.10 and a one year high of $42.87. The stock has a 50-day moving average of $38.77 and a 200-day moving average of $37.86. The company has a market cap of $1.595 billion and a P/E ratio of 21.74.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $862.15 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Hub Group will post $1.91 EPS for the current fiscal year.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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