Hub Group, Inc. (NASDAQ:HUBG) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 64.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 299,634 shares of the transportation company's stock after purchasing an additional 117,047 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of Hub Group worth $13,352,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HUBG. Smartleaf Asset Management LLC boosted its stake in shares of Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after buying an additional 1,142 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock worth $103,000 after purchasing an additional 450 shares in the last quarter. KBC Group NV grew its stake in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after purchasing an additional 670 shares during the period. Atria Investments Inc acquired a new stake in shares of Hub Group in the fourth quarter valued at about $216,000. Finally, Highland Capital Management LLC boosted its holdings in Hub Group by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock worth $242,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HUBG shares. Benchmark lifted their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Susquehanna reduced 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. Stifel Nicolaus upped their price target 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 reduced their target price on shares of Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price target for the company. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $46.73.

Hub Group Stock Performance

Shares of HUBG traded up $0.58 during mid-day trading on Thursday, reaching $32.21. 90,935 shares of the company's stock traded hands, compared to its average volume of 618,710. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The business's 50-day moving average price is $38.10 and its 200-day moving average price is $43.31. The stock has a market capitalization of $1.98 billion, a P/E ratio of 18.95 and a beta of 1.04. Hub Group, Inc. has a 12 month low of $31.30 and a 12 month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

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.