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HUBG $43.07

HUBG target price
43.07
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Hub Group
Type
Public
Traded as NASDAQ: HUBG
S&P 600 Component
Industry Transportation
Founded Hinsdale, Illinois (1971)
Founder Phillip Yeager
Headquarters Oak Brook, Illinois
Number of locations
33
Area served
North America
Key people
David P. Yeager, Chairman and CEO
Donald G. Maltby, President and COO
Terri A. Pizzuto, Executive Vice President and CFO
Services Intermodal freight transportation
Logistics
Truck brokerage
Revenue $3.5 billion (2015) Decrease
Operating income
$117 million Increase (2015)
Net income
$70.9 million Increase (2015)
Total assets $1.3 billion Increase (2015)
Total equity $647.84 million Increase (2014)
Number of employees
2,605 (2015)
Divisions Unyson
Subsidiaries Mode Transportation
Hub Group Trucking
Website hubgroup.com

Hub Group (NASDAQ: HUBG) is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage and logistics services. As a publicly-traded company with over $3.5 billion in revenue, Hub Group’s organization of 2,500+ employees delivers services to help customers better manage their supply chains and logistics costs. The company owns two subsidiaries: Mode Transportation (formerly Exel Transportation Services), a third party logistics company (Unyson); and Hub Group Trucking, which provides intermodal freight transport and drayage services. Hub Group was founded in 1971 by Phillip Yeager. The company went public in 1996 and is traded on the NASDAQ exchange. David Yeager, son of Phillip Yeager, serves as Hub Group Chairman and Chief Executive Officer. The company is headquartered in Oak Brook, Illinois.

In 1971, Phillip and Joyce founded Hub Group (then known as Hub City Terminals) in Hinsdale, Illinois. The company was started with $10,000 and was located in a windowless, one-room office above a flower shop. The 43-year-old Phillip Yeager quit his job at the Pennsylvania Railroad, where he had worked for 19 years, to create Hub Group. At the time of its formation, Hub City Terminals worked as a shipper's agent, which was an intermediary that booked intermodal transportation with railroads.

In 1975, Yeager and his wife set up a series of S corporations to expand their business. Each office operated separately and had its own profit and loss center.

Hub City Terminals was renamed Hub Group in 1985.

In 1995, David Yeager became Chief Executive Officer of Hub Group. He had been with the company since 1975, when he opened the company's Pittsburgh, Pennsylvania regional office. David Yeager had become Co-Chairman of the company in 1992.

In 1996, Hub Group held an initial public offering. A year later, in 1997, the company became the first intermodal marketing company to top $1 billion in yearly revenue. Hub Group had 34 regional offices by 1998, when the company borrowed $100 million to begin purchasing all outstanding minority interests in the company's regional offices.

The company moved from a geography-based operation with multiple regional offices to a centralized operation with a single profit and loss center headquartered in Lombard, Illinois in 2004. The reorganization effort allowed Hub Group to compete as a single network.

Mark Yeager was appointed president and Chief Operating Officer in April 2005. Yeager had joined Hub Group in 1992 and served as president of the company's field operations immediately prior to his appointment. Yeager succeeded Thomas Hardin, who had served as Hub Group president since 1985.

Hub Group acquired Memphis, Tennessee-based drayage company Comtrak Logistics for $48 million in 2006. The two companies had worked together for over 20 years by the time of the acquisition. The deal included Comtrak's client lists and proprietary transportation tracking software. Comtrak founder and Chief Executive Officer Mike Bruns was retained as head of Hub Group's Comtrak Logistics subsidiary, now named Hub Group Trucking.

Hub Group founder and Chairman Phillip Yeager died in October 2008 from complications following a heart attack. Yeager was 80 years old. Company CEO David Yeager became Chairman of Hub Group in November 2008.

In 2011, the company acquired Exel Transportation Services, a third-party logistics provider, for $83 million. Hub Group renamed the subsidiary Mode Transportation. Exel Transportation President James Damman was retained by Hub Group to lead Mode Transportation and the subsidiary remained located in Dallas, Texas.

Hub Group moved its headquarters from Downers Grove to Oak Brook in January 2013. At that time, the four-story, 140,000 square-foot building was the first new office building built in Oak Brook in over a decade. The new corporate headquarters is LEED Gold certified.

On August 8, 2015, Mark Yeager resigned as President and Chief Operating Officer. In September 2015, Hub Group appointed Donald Maltby as Yeager's successor. Maltby previously served as Chief Supply Chain Officer from January 2011 until May 2014.

Hub Group is organized into two segments: Mode Transportation and Hub. Both segments offer intermodal, logistics and truck brokerage services. The company's logistics business operates under the Unyson name.

As of December 2015, Hub Group Trucking performed services for 75 percent of Hub Group's drayage needs.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-08-03 3.03 3.03
Q1 2022 2022-04-28 2.58 2.58
Q4 2021 2022-02-08 2.48 2.48
Q3 2021 2021-10-28 1.28 1.28
Q2 2021 2021-07-29 0.78 0.78
Q1 2021 2021-05-05 0.00 0.00
Q4 2020 2021-02-04 0.00 0.00
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-30 0.39 0.39

Ratings

2016-04-27 Boost Price Target RBC Capital Sector Perform $35.00 to $40.00
2016-04-27 Boost Price Target Royal Bank Of Canada Sector Perform $35.00 to $40.00
2016-04-25 Downgrade BB&T Corp. Buy to Hold
2016-04-07 Downgrade Stifel Nicolaus Buy to Hold $38.00
2016-04-04 Boost Price Target Robert W. Baird $38.00 to $41.00
2016-02-04 Lower Price Target Macquarie Neutral $41.00 to $36.00
2016-02-04 Boost Price Target BMO Capital Markets Market Perform $36.00 to $39.00
2016-02-04 Upgrade Stifel Nicolaus Hold to Buy $41.00
2016-01-12 Lower Price Target KeyBanc Overweight $48.00 to $42.00
2016-01-12 Lower Price Target KeyCorp Overweight $48.00 to $42.00
2016-01-04 Downgrade Stephens Overweight to Equal Weight
2015-12-18 Downgrade Robert W. Baird Outperform to Neutral $42.00 to $36.00
2015-12-15 Initiated Coverage Buckingham Research Neutral $36.00
2015-11-26 Initiated Coverage William Blair Market Perform
2015-10-29 Lower Price Target BMO Capital Markets Market Perform $46.00 to $43.00
2015-10-13 Lower Price Target Robert W. Baird $44.00 to $42.00
2015-08-06 Downgrade Wolfe Research Outperform to Market Perform
2015-05-15 Reiterated Rating KeyBanc Overweight $45.00 to $47.00
2015-04-24 Boost Price Target BMO Capital Markets Market Perform $38.00 to $42.00
2015-01-12 Downgrade Barclays Equal Weight to Underweight $42.00 to $35.00
2015-01-12 Downgrade Barclays PLC Equal Weight to Underweight $42.00 to $35.00
2014-11-03 Initiated Coverage Canaccord Genuity Buy
2014-10-24 Downgrade Longbow Research Buy to Neutral
2014-09-30 Initiated Coverage Wells Fargo & Co. Market Perform
2014-09-30 Initiated Coverage Wells Fargo Market Perform
2014-09-17 Lower Price Target BMO Capital Markets $48.00 to $44.00
2014-09-15 Reiterated RBC Capital Mkts Sector Perform $49 to $40
2014-09-15 Lower Price Target RBC Capital Sector Perform $49.00 to $40.00
2014-09-10 Downgrade Raymond James Strong-Buy to Market Perform
2014-09-10 Initiated Coverage Barclays Equal Weight $45.00
2014-09-10 Downgrade Raymond James Financial Inc. Strong-Buy to Market Perform
2014-07-18 Reiterated Rating Raymond James Strong-Buy $56.00 to $59.00
2014-07-18 Reiterated Rating JPMorgan Chase & Co. Overweight $47.00 to $54.00
2014-07-18 Boost Price Target RBC Capital Sector Perform $41.00 to $49.00
2014-07-08 Boost Price Target Robert W. Baird $50.00 to $54.00
2014-07-07 Boost Price Target BMO Capital Markets Market Perform $44.00 to $48.00
2014-06-23 Boost Price Target Raymond James Strong-Buy $52.00 to $56.00
2014-05-13 Reiterated Rating Longbow Research Buy $52.00
2014-05-13 Reiterated Rating RBC Capital Sector Perform $41.00
2014-05-13 Upgrade KeyBanc Hold to Buy $53.00
2014-04-21 Reiterated Rating Raymond James Strong-Buy $52.00
2014-04-21 Upgrade Stephens Equal Weight to Overweight
2014-04-21 Upgrade Longbow Research Neutral to Buy $52.00
2014-04-11 Upgrade Raymond James Market Perform to Strong-Buy $50.00
2014-04-09 Boost Price Target Robert W. Baird $45.00 to $48.00
2014-04-08 Upgrade BB&T Capital Mkts Hold to Buy
2014-04-08 Upgrade BB&T Corp. Hold to Buy $50.00
2014-03-10 Upgrade Wolfe Research Market Perform to Outperform
2014-01-29 Boost Price Target RBC Capital Sector Perform $37.00 to $41.00
2013-12-05 Upgrade Wells Fargo & Co. Underperform to Market Perform
2013-12-05 Upgrade Wells Fargo Underperform to Market Perform
2013-10-18 Lower Price Target BMO Capital Markets Market Perform $39.00 to $38.00
2013-10-18 Reiterated Rating Wells Fargo & Co. Underperform to In-Line
2013-10-18 Reiterated Rating Wells Fargo Underperform to In-Line
2013-10-10 Lower Price Target BMO Capital Markets Market Perform $42.00 to $39.00
2013-10-10 Downgrade Macquarie Outperform to Neutral $41.00 to $37.50
2013-10-01 Initiated Coverage BMO Capital Markets Market Perform $42.00
2012-08-23 Initiated Wunderlich Hold $36
2012-05-15 Initiated William Blair Mkt Perform
2011-10-25 Downgrade Robert W. Baird Outperform to Neutral $36
2016-04-27 Boost Price Target RBC Capital Sector Perform $35.00 to $40.00
2016-04-27 Boost Price Target Royal Bank Of Canada Sector Perform $35.00 to $40.00
2016-04-25 Downgrade BB&T Corp. Buy to Hold
2016-04-07 Downgrade Stifel Nicolaus Buy to Hold $38.00
2016-04-04 Boost Price Target Robert W. Baird $38.00 to $41.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
YEAGER MARK A Vice Chairman, President & COO 0.86%  (314961) HUBG /
YEAGER DAVID P Chairman & CEO 0.77%  (283410) HUBG /
PIZZUTO TERRI EVP, CFO, Treasurer 0.48%  (177801) HUBG /
MALTBY DONALD Chief Supply Chain Officer 0.34%  (123807) HUBG /
SLARK MARTIN P 0.28%  (101893) HUBG / NTRS /
MARSH DAVID Chief Marketing Officer 0.27%  (99857) HUBG /
Damman James J. President-Mode Transportation 0.25%  (91066) HUBG /
ZEILSTRA DAVID C VP, Gen\'l Counsel, Secretary 0.24%  (89616) HUBG /
POLSEN DENNIS R EVP Information Systems 0.23%  (83536) HUBG /
KRAVAS CHRISTOPHER R Chief Intermodal Officer 0.22%  (82670) HUBG /
EPPEN GARY D 0.22%  (81449) HUBG /
REAVES CHARLES R 0.19%  (71268) HUBG /
BECK DOUGLAS G. VP, Secretary, General Counsel 0.14%  (51125) HUBG /
Dimond Vava Chief Information Officer 0.13%  (47735) HUBG /
Paperiello Vincent C Sr VP, Pricing and Yield Mgmt 0.09%  (34809) HUBG /
GAW JAMES EVP Sales 0.09%  (32686) HUBG /
Yeager Phillip D EVP Acct Mgmt & IML Op 0.09%  (31799) HUBG /
Vesco John C EVP, President HG Trucking 0.07%  (26965) HUBG /
Burke Daniel W Chief Intermodal Officer 0.07%  (26552) HUBG /
Alexander Brian Daniel EVP Unyson Logistics 0.07%  (24893) HUBG /
WARD JONATHAN P 0.06%  (21665) HSH / HUBG / KAR /
Rand Steven E EVP, Sales 0.05%  (19658) HUBG /
Kenny James C. 0.04%  (15125) HUBG /
Porter David EVP Logistics 0.04%  (14819) HUBG /
KOZIK CATHERINE E Chief Information Officer 0.03%  (12000) HUBG /
MCNITT PETER 0.03%  (9625) HUBG / TWI /