JPMorgan Chase & Co. Has $13.35 Million Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

JPMorgan Chase & Co. raised its position in Hub Group, Inc. (NASDAQ:HUBG) by 64.1% in the 4th quarter, HoldingsChannel reports. The fund owned 299,634 shares of the transportation company’s stock after purchasing an additional 117,047 shares during the period. JPMorgan Chase & Co.’s holdings in Hub Group were worth $13,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HUBG. XTX Topco Ltd acquired a new stake in Hub Group during the third quarter worth $481,000. Barclays PLC raised its position in Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after purchasing an additional 78,467 shares in the last quarter. State Street Corp lifted its stake in Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Hub Group during the fourth quarter valued at approximately $1,279,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after purchasing an additional 1,368 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Hub Group stock opened at $33.24 on Friday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.04. Hub Group, Inc. has a 12-month low of $31.41 and a 12-month high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $38.71 and its 200 day simple moving average is $43.55.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Hub Group’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HUBG. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays cut their price target on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Susquehanna decreased their price objective on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, Benchmark lifted their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.73.

Hub Group Profile

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.