Bank of New York Mellon Corp Sells 17,481 Shares of Hub Group, Inc. $HUBG

Bank of New York Mellon Corp lessened its position in Hub Group, Inc. (NASDAQ:HUBG) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 542,843 shares of the transportation company’s stock after selling 17,481 shares during the period. Bank of New York Mellon Corp’s holdings in Hub Group were worth $19,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HUBG. Illinois Municipal Retirement Fund raised its holdings in Hub Group by 23.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,961 shares of the transportation company’s stock worth $1,296,000 after acquiring an additional 6,784 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hub Group by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company’s stock valued at $10,611,000 after acquiring an additional 5,731 shares in the last quarter. Fifth Third Bancorp boosted its stake in Hub Group by 13,811.7% during the 1st quarter. Fifth Third Bancorp now owns 54,534 shares of the transportation company’s stock valued at $1,965,000 after purchasing an additional 54,142 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Hub Group by 8.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 705 shares during the last quarter. Finally, Greenwood Capital Associates LLC increased its holdings in shares of Hub Group by 25.9% in the 1st quarter. Greenwood Capital Associates LLC now owns 11,835 shares of the transportation company’s stock worth $427,000 after purchasing an additional 2,437 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Key Headlines Impacting Hub Group

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

• Neutral Sentiment: Hub Group is expected to report quarterly earnings on Thursday. The results and management’s comments on its financial controls, restated results and outlook could provide the next significant catalyst for the shares. Hub Group expected to post earnings
• Negative Sentiment: Shareholder law firms, including Rosen, Hagens Berman, Kaplan Fox, Bronstein Gewirtz & Grossman and others, are soliciting investors who purchased HUBG securities between April 28, 2023, and May 11, 2026, in connection with a pending securities-fraud class action. The allegations concern potentially false or misleading statements about financial reporting, revenue recognition and internal controls; the claims have not been proven. Hagens Berman class action notice
• Negative Sentiment: The legal notices cite corrective disclosures involving approximately $77 million in understated costs and unreliable financial statements covering 2023–2025. Law firms say the disclosures contributed to a substantial prior share-price decline, increasing potential litigation, restatement and investor-confidence risks for Hub Group. Hub Group securities fraud class action

Hub Group Price Performance

Shares of HUBG stock opened at $47.69 on Thursday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.36 and a beta of 1.22. Hub Group, Inc. has a 1 year low of $32.46 and a 1 year high of $53.26. The firm has a fifty day moving average price of $45.40 and a 200-day moving average price of $42.85.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Hub Group’s payout ratio is currently 28.90%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Benchmark decreased their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Stifel Nicolaus boosted their target price on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $48.00 target price on shares of Hub Group in a research report on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.31.

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.