Wellington Management Group LLP Acquires 491,130 Shares of Hub Group, Inc. $HUBG

Wellington Management Group LLP lifted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 7.1% during the 2nd quarter, HoldingsChannel.com reports. 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 approximately 0.12% of Hub Group worth $326,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HUBG. Broad Bay Capital Management LP bought a new stake in Hub Group in the fourth quarter worth $30,424,000. Millennium Management LLC raised its holdings in Hub Group by 138.4% during the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after buying an additional 661,018 shares in the last quarter. Capital International Investors lifted its position in shares of Hub Group by 16.9% in the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after buying an additional 501,955 shares during the last quarter. Hudson Bay Capital Management LP boosted its position in Hub Group by 3,557.4% during the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock worth $16,908,000 after purchasing an additional 491,958 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Hub Group by 969.5% during the 3rd quarter. Two Sigma Investments LP now owns 436,144 shares of the transportation company’s stock worth $15,021,000 after buying an additional 395,362 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group News Summary

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

Analyst Ratings Changes

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

Hub Group Stock Performance

HUBG opened at $39.61 on Monday. Hub Group, Inc. has a 1-year low of $32.90 and a 1-year high of $53.26. The firm has a 50-day moving average price of $44.89 and a two-hundred day moving average price of $42.07. The stock has a market capitalization of $2.42 billion, a PE ratio of 22.90, a PEG ratio of 1.13 and a beta of 1.22.

About Hub Group

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.