JPMorgan Chase & Co. Sells 454,832 Shares of Hub Group, Inc. (NASDAQ:HUBG)

JPMorgan Chase & Co. decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 71.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,587 shares of the transportation company's stock after selling 454,832 shares during the period. JPMorgan Chase & Co. owned 0.30% of Hub Group worth $8,299,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HUBG. Select Equity Group L.P. grew its stake in shares of Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock valued at $79,055,000 after purchasing an additional 298,390 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Hub Group in the second quarter valued at about $4,680,000. Principal Financial Group Inc. increased its position in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after purchasing an additional 97,768 shares during the period. Barclays PLC lifted its position in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after purchasing an additional 78,467 shares during the period. Finally, American Century Companies Inc. lifted its position in Hub Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company's stock valued at $56,919,000 after purchasing an additional 76,431 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

Shares of HUBG stock traded up $1.07 on Tuesday, reaching $44.77. The stock had a trading volume of 141,355 shares, compared to its average volume of 307,738. The firm's 50-day moving average is $47.87 and its two-hundred day moving average is $45.41. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 25.44 and a beta of 0.94.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, research analysts expect that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. Hub Group's dividend payout ratio (DPR) is presently 28.41%.

Wall Street Analyst Weigh In

HUBG has been the topic of several analyst reports. Benchmark increased their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday. Barclays upped their price objective on Hub Group from $42.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. TD Cowen boosted their target price on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Evercore ISI upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Finally, Susquehanna raised shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target on the stock in a research report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.58.

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.