The Hub Group (HUBG) Stock | Trucking Company Crushing the Competition


The Hub Group (NASDAQ: HUBG)


The Hub Group is an Illinois based asset light freight transportation management company. They offer intermodal, truck brokerage and logistics service. HUBG operates primarily through its network of independent business owners.


HUBG Earnings & Outlook

The Hub Group announced its second quarterly earnings on Tuesday. They reported $0.51 earnings per share for the quarter. This surpassed the analysts predictions of $0.43 by $0.8. The Hub Group had a huge opening on Wednesday morning, opening at 39.75. They have had a 52 week low of $32.69, and a 52 week high of $49.21.

The company has received recommendation from many analysts. The current rating of the stock is Overweight. The Daily Rover


Technical Analysis

The Hub Group gapped up today in price to $44.00 up from yesterday’s close of $39.75 which is a 11% increase based on favorable earnings numbers. Taking a look at the daily chart we can see the $44 price level is very significant as it twice reached that level on May 19 and June 11 both days reaching a high of $43.93 and both times the stock was unable to hold that price level forming a double top resistance level. Today will be the third test of this price level, if the stock does not break thru $44 it might be a good play for a pullback short and fill in some of the gap up in price. The stock has a float of 34.5 million shares with a 7.5% short float so it does have the ability to run if it does break thru the resistance level of $44. If it does break thru $44 it has room to run as we have to go back to August 25, 2014 when the stock was at $47 to find another possible resistance level.


The Hub Group Company Profile

Hub Group, Inc., an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. The company operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of customers’ freight in containers and trailers over long distances. The company contracts with railroads to provide transportation for the long-haul portion of the shipment, and with local trucking companies for pickup and delivery. Its intermodal services also comprise negotiating rail and drayage rates, electronically tracking shipments in transit, and billing and handling claims for freight loss and damage on behalf of customers, as well as truck brokerage services. The company also offers a range of transportation management services and technology solutions, including shipment optimization, load consolidation, mode selection, carrier management, load planning and execution, and Web-based shipment visibility under the name of Unyson Logistics. Its multi-modal transportation includes small parcel, heavyweight, expedited, less-than-truckload, truckload, intermodal, and railcar. The company primarily serves customers in consumer products, retail, and durable goods industries. Hub Group, Inc. was founded in 1971 and is headquartered in Oak Brook, Illinois. Yahoo Finance