Fiera Capital Corp Decreases Stake in Hubbell Incorporated (NYSE:HUBB)

Fiera Capital Corp decreased its holdings in Hubbell Incorporated (NYSE:HUBB) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,498 shares of the industrial products company’s stock after selling 4,282 shares during the quarter. Fiera Capital Corp’s holdings in Hubbell were worth $54,614,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. IFG Advisory LLC acquired a new position in Hubbell during the second quarter worth about $475,000. Sustainable Insight Capital Management LLC purchased a new position in Hubbell in the 1st quarter valued at about $1,868,000. Acadian Asset Management LLC boosted its stake in shares of Hubbell by 51.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,693 shares of the industrial products company’s stock worth $1,347,000 after purchasing an additional 1,252 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Hubbell by 24.6% during the second quarter. Great Valley Advisor Group Inc. now owns 6,873 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 1,359 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Hubbell by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 99,227 shares of the industrial products company’s stock valued at $40,731,000 after buying an additional 2,822 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Trading Up 0.0 %

HUBB stock traded up $0.17 during midday trading on Friday, reaching $467.15. 85,850 shares of the company’s stock traded hands, compared to its average volume of 442,189. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05. The company has a market capitalization of $25.08 billion, a P/E ratio of 33.64, a PEG ratio of 1.58 and a beta of 0.90. The business has a 50-day moving average price of $426.63 and a two-hundred day moving average price of $397.42. Hubbell Incorporated has a fifty-two week low of $281.45 and a fifty-two week high of $481.35.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.02. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $3.95 EPS. Hubbell’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Hubbell Incorporated will post 16.47 EPS for the current fiscal year.

Hubbell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $1.32 dividend. This is a boost from Hubbell’s previous quarterly dividend of $1.22. This represents a $5.28 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, November 29th. Hubbell’s dividend payout ratio is presently 35.16%.

Analysts Set New Price Targets

HUBB has been the subject of several recent analyst reports. Mizuho lifted their target price on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised Hubbell from a “hold” rating to a “buy” rating and lifted their price objective for the company from $431.00 to $441.00 in a research report on Friday, September 6th. Morgan Stanley increased their target price on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Hubbell from $445.00 to $455.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $445.56.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.