Surging Insider Buying Witnessed at These 4 Companies

Hub Group Inc. (NASDAQ:HUBG) had one of the members of its Board of Directors purchase shares this week. Director Martin P. Slark purchased 10,000 Class A shares on Monday at a cost of $34.88 per share, lifting his overall holding to 90,893 shares. The freshly-upped holding includes 10,832 restricted stock units that are subject to vesting requirements.

The intermodal marketing company (IMC) and transportation provider has seen its stock surge by more than 19% since the beginning of February, thanks to the better-than-expected financial results it delivered for the fourth quarter, which were released on February 3. Even so, the stock is still down by about 7% over the past 12 months. Hub Group reported revenue of $3.53 billion for 2015, down from $3.57 billion reported for 2014. Nonetheless, the company’s bottom-line results improved year-over-year, with net income for 2015 increasing to $70.95 million from $51.56 million. Approximately 60% of the company’s revenue is generated from its IMC business, which arranges the movement of freight in containers and trailers over long distances, but management plans on finding further revenue streams by exploring additional service lines. Hub Group appears to be fairly valued at the moment if solely relying on its P/E ratios. For instance, the company has a forward P/E multiple of 15.13. According to a recent 13G filing, Ric Dillon’s Diamond Hill Capital owns 3.74 million shares of Hub Group Inc. (NASDAQ:HUBG), which make up 10.3% of the company’s outstanding shares.

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