JPMorgan Chase & Co. Has $5.74 Million Holdings in Hub Group, Inc. $HUBG

Key Points

• JPMorgan Chase trimmed its stake in Hub Group by 17.3% in Q3, selling 34,874 shares and now holding 166,683 shares worth about $5.74 million (≈0.27% of the company).
• Hub Group has a market cap of $2.24 billion, a P/E of 21.16, and pays a quarterly dividend of $0.125 (annualized $0.50) for a yield of 1.4% with a dividend payout ratio of 28.9%.
• The stock carries a consensus “Hold” rating with an average price target of $43.20, institutional ownership stands at 46.77%, and several funds (e.g., NY State Common Retirement Fund, Cramer Rosenthal) significantly increased their positions recently.

JPMorgan Chase & Co. trimmed its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,683 shares of the transportation company's stock after selling 34,874 shares during the period. JPMorgan Chase & Co. owned about 0.27% of Hub Group worth $5,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. New York State Common Retirement Fund grew its position in Hub Group by 353.0% during the third quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company's stock worth $3,016,000 after buying an additional 68,232 shares in the last quarter. Federated Hermes Inc. raised its holdings in Hub Group by 105.7% in the 3rd quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company's stock valued at $1,817,000 after acquiring an additional 27,105 shares in the last quarter. Capital Fund Management S.A. raised its holdings in Hub Group by 87.2% in the 2nd quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company's stock valued at $2,255,000 after acquiring an additional 31,423 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Hub Group by 14.8% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company's stock worth $29,642,000 after acquiring an additional 111,150 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Hub Group by 43.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company's stock worth $2,389,000 after acquiring an additional 21,161 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Price Performance

Hub Group stock opened at $36.61 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $2.24 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.14 and a beta of 1.16. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.26. The business has a 50 day simple moving average of $41.10 and a 200 day simple moving average of $39.77.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. Hub Group's dividend payout ratio (DPR) is presently 28.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial restated an "outperform" rating and set a $50.00 price objective on shares of Hub Group in a research report on Monday, February 9th. Evercore set a $53.00 price target on shares of Hub Group and gave the stock an "outperform" rating in a research note on Monday, January 12th. Wells Fargo & Company reissued an "equal weight" rating and issued a $35.00 price target (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Stifel Nicolaus set a $27.00 price objective on shares of Hub Group and gave the company a "sell" rating in a research note on Friday, February 6th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $50.00 price objective on shares of Hub Group in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $43.20.

Hub Group Profile

Hub Group, Inc NASDAQ: HUBG is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.

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