Deprince Race & Zollo Inc. Sells 30,741 Shares of Hub Group, Inc. $HUBG

Deprince Race & Zollo Inc. lowered its position in Hub Group, Inc. (NASDAQ:HUBG) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 999,050 shares of the transportation company’s stock after selling 30,741 shares during the period. Deprince Race & Zollo Inc.’s holdings in Hub Group were worth $36,006,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in Hub Group by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock valued at $591,000 after acquiring an additional 200 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 321 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Hub Group by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock valued at $3,019,000 after purchasing an additional 329 shares during the period. ProShare Advisors LLC boosted its position in shares of Hub Group by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 355 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Hub Group by 2.1% in the second quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after buying an additional 397 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Up 2.3%

Shares of Hub Group stock opened at $44.78 on Thursday. The company has a market cap of $2.74 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. Hub Group, Inc. has a 52 week low of $32.46 and a 52 week high of $53.26. The business has a 50 day moving average price of $42.76 and a 200-day moving average price of $42.26.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Hub Group’s dividend payout ratio is presently 28.90%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HUBG shares. Zacks Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Wells Fargo & Company reiterated an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a research note on Wednesday, April 15th. Finally, 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 report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.14.

Key Headlines Impacting Hub Group

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

• Negative Sentiment: Multiple law firms announced or updated class-action lawsuits against Hub Group, increasing legal overhang and the risk of potential settlement costs or further reputational damage. HUBG Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Against Hub Group, Inc.
• Negative Sentiment: The lawsuits cite Hub Group’s admission that financial reports going back to 2023 were materially misstated and should no longer be relied upon, a serious accounting issue that can weigh on investor confidence. HUBG INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Hub Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several firms are urging investors who bought shares during the April 2023 to May 2026 period to join the case before the August 28 deadline, suggesting the legal campaign around the stock is intensifying. Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm Encourages Hub Group, Inc. (HUBG) Shareholders To Inquire About Securities Fraud Class Action

Hub Group Company 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.