Quaero Capital S.A. Trims Position in Hubbell Inc (NYSE:HUBB)

Quaero Capital S.A. trimmed its holdings in shares of Hubbell Inc (NYSE:HUBB - Free Report) by 22.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,185 shares of the industrial products company's stock after selling 1,186 shares during the period. Hubbell makes up approximately 2.0% of Quaero Capital S.A.'s holdings, making the stock its 21st largest position. Quaero Capital S.A.'s holdings in Hubbell were worth $1,385,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV grew its position in Hubbell by 85.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 65 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 30 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Hubbell by 166.7% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the industrial products company's stock worth $44,000 after buying an additional 65 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Hubbell during the first quarter valued at approximately $49,000. CX Institutional purchased a new stake in shares of Hubbell during the first quarter valued at approximately $49,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Hubbell during the first quarter valued at approximately $66,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HUBB has been the topic of several recent analyst reports. Wall Street Zen downgraded Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Barclays upped their price target on Hubbell from $400.00 to $414.00 and gave the company an "equal weight" rating in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $459.25.

Hubbell Stock Performance

Shares of HUBB stock traded up $1.32 on Friday, reaching $406.58. The stock had a trading volume of 562,257 shares, compared to its average volume of 539,418. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.17. Hubbell Inc has a 1 year low of $299.43 and a 1 year high of $481.35. The stock has a market cap of $21.70 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a 50 day simple moving average of $378.73 and a 200 day simple moving average of $385.18.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $3.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.23). The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. Hubbell had a return on equity of 27.68% and a net margin of 14.29%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.60 earnings per share. Equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $1.32 per share. The ex-dividend date was Friday, May 30th. This represents a $5.28 annualized dividend and a yield of 1.30%. Hubbell's dividend payout ratio (DPR) is 35.72%.

Insider Buying and Selling at Hubbell

In related news, Director Carlos M. Cardoso sold 400 shares of Hubbell stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $386.29, for a total transaction of $154,516.00. Following the transaction, the director now directly owns 1,727 shares in the company, valued at approximately $667,122.83. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerben Bakker sold 7,723 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $384.63, for a total value of $2,970,497.49. Following the completion of the sale, the chief executive officer now owns 82,101 shares of the company's stock, valued at approximately $31,578,507.63. The trade was a 8.60% decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Hubbell Profile

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.