Renaissance Technologies LLC Raises Stock Position in Hub Group, Inc. $HUBG

Renaissance Technologies LLC boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2,065.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,672 shares of the transportation company’s stock after purchasing an additional 139,900 shares during the period. Renaissance Technologies LLC’s holdings in Hub Group were worth $5,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HUBG. Northwestern Mutual Wealth Management Co. grew its position in Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares during the period. Torren Management LLC purchased a new position in shares of Hub Group during the 4th quarter valued at about $31,000. Quarry LP lifted its holdings in shares of Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after buying an additional 809 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after buying an additional 321 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after buying an additional 1,145 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Down 0.3%

NASDAQ:HUBG opened at $47.58 on Thursday. Hub Group, Inc. has a 52 week low of $32.90 and a 52 week high of $53.26. The stock’s 50-day moving average price is $45.89 and its 200-day moving average price is $42.84. The stock has a market capitalization of $2.91 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HUBG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Raymond James Financial restated an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a research report on Wednesday, April 15th. Benchmark dropped 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. Finally, Zacks Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. 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. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and an average target price of $43.31.

Hub Group News Summary

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

• Neutral Sentiment: Multiple law firms are notifying investors that a class action has been filed on behalf of shareholders who purchased Hub Group securities between April 28, 2023, and May 11, 2026. Investors have until August 28, 2026 to seek appointment as lead plaintiff; the deadline is procedural and does not establish that the allegations are proven. Kaplan Fox class action deadline article
• Negative Sentiment: The lawsuits allege that Hub Group made materially false or misleading statements about its financial results, revenue recognition, purchased transportation costs, accounting practices, and internal controls. Several notices reference an alleged $77 million understatement of purchased transportation costs that was attributed to “strong cost controls” and “network optimization.”
• Negative Sentiment: The legal actions follow Hub Group’s disclosure that previously issued financial statements were materially misstated and should no longer be relied upon. Law-firm notices link that disclosure to a sharp stock decline—reported as 18% in one account and approximately 31% in another—raising potential liability, reputational damage, and uncertainty around future financial statements. BFA Law Hub Group securities-fraud article

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.