Bank of America Corp DE Raises Stock Holdings in Hub Group, Inc. $HUBG

Key Points

• Bank of America increased its Hub Group stake by 8.1% in the first quarter, adding 61,025 shares to own 810,131 shares worth approximately $29.2 million, or 1.32% of the company. Institutional investors collectively hold 46.77% of Hub Group.
• Hub Group faces a securities class-action lawsuit alleging misleading financial reporting, revenue recognition, accounting results, and internal controls. Investor notices cite approximately $77 million in understated costs and a roughly 31% stock decline; the lead-plaintiff application deadline is August 28, 2026.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $43.31; Benchmark cut its target to $42 while retaining a “Buy” rating. Shares recently opened at $40.30, and the company pays a $0.50 annualized dividend yielding about 1.2%.

Bank of America Corp DE lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 810,131 shares of the transportation company's stock after acquiring an additional 61,025 shares during the period. Bank of America Corp DE owned 1.32% of Hub Group worth $29,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBG. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Hub Group by 265.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company's stock worth $27,000 after buying an additional 468 shares in the last quarter. Torren Management LLC purchased a new position in shares of Hub Group during the 4th quarter worth $31,000. Quarry LP grew its position in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company's stock valued at $38,000 after purchasing an additional 809 shares during the period. Smartleaf Asset Management LLC increased its stake in Hub Group by 33.4% in the second 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 last quarter. Finally, NewEdge Advisors LLC lifted its position in Hub Group by 333.8% during 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 period. 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: The notices largely repeat procedural information rather than announce a new company operating development. Investors who purchased Hub Group securities between April 28, 2023, and May 11, 2026, may apply to lead the case by August 28. Hagens Berman class-action notice
• Negative Sentiment: The lawsuit alleges that Hub Group and certain executives made materially false or misleading statements about financial reporting, revenue-recognition practices, accounting results, and internal controls. These are allegations and have not been proven in court. Hagens Berman investigation notice
• Negative Sentiment: Investor alerts cite corrective disclosures involving approximately $77 million of understated costs and unreliable financial statements covering 2023–2025. They also reference an approximately 31% stock decline during the broader controversy, increasing concerns about potential restatements, litigation costs, regulatory scrutiny, and management credibility. SueWallSt Hub Group alert

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Benchmark decreased their target price on shares of Hub Group from $50.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hub Group in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $43.31.

Hub Group Price Performance

Hub Group stock opened at $40.30 on Monday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. Hub Group, Inc. has a 12 month low of $32.90 and a 12 month high of $53.26. The stock's 50-day moving average is $45.89 and its 200-day moving average is $42.64.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were issued a $0.125 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.50 annualized dividend and a yield of 1.2%. Hub Group's dividend payout ratio (DPR) is presently 28.90%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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