Hub Group, Inc. $HUBG Position Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Hub Group, Inc. (NASDAQ:HUBGFree Report) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,446,774 shares of the transportation company’s stock after buying an additional 491,130 shares during the period. Wellington Management Group LLP owned 12.18% of Hub Group worth $326,094,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Hub Group by 24.5% in the 1st quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 2,305 shares during the last quarter. AQR Capital Management LLC grew its position in Hub Group by 4.9% in the 1st quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock worth $2,194,000 after purchasing an additional 2,761 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hub Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after purchasing an additional 1,542 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hub Group by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after purchasing an additional 4,844 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Hub Group by 33.3% in the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock valued at $1,456,000 after purchasing an additional 9,791 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HUBG has been the subject of a number of analyst reports. Benchmark reduced their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.31.

Check Out Our Latest Stock Report on Hub Group

Hub Group Stock Performance

Shares of HUBG opened at $39.61 on Monday. The business’s 50-day moving average price is $44.89 and its 200 day moving average price is $42.07. The stock has a market capitalization of $2.42 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.13 and a beta of 1.22. Hub Group, Inc. has a 1-year low of $32.90 and a 1-year high of $53.26.

Hub Group News Roundup

Here are the key news stories impacting Hub Group this week:

  • Negative Sentiment: Nasdaq compliance issue adds pressure. Hagens Berman said Hub Group received a Nasdaq non-compliance notice related to the delayed filing of its quarterly Form 10-Q. The late filing increases uncertainty around the company’s financial reporting and internal controls. HUBG Deadline Alert article
  • Negative Sentiment: Investors face securities-fraud allegations. The lawsuit alleges that Hub Group’s disclosures and internal-control certifications failed to reveal potential accounting problems, including claims that approximately $77 million in purchased transportation costs were understated and certain transactions were recognized prematurely. These are allegations, not established findings, but they could lead to restatements, litigation costs, penalties, or reputational damage. Pomerantz investor alert
  • Neutral Sentiment: Heavy law-firm outreach highlights the August 28 deadline. Rosen, Kaplan Fox, Bronstein Gewirtz & Grossman, Faruqi & Faruqi, Robbins Geller, SBS and other firms issued substantially similar notices urging affected shareholders—particularly those with significant losses—to contact counsel. The notices primarily concern investor rights and do not represent a new operating update from Hub Group. Rosen law firm deadline notice

About Hub Group

(Free Report)

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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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