Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 33,203 Hubbell Incorporated (NYSE:HUBB)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hubbell Incorporated (NYSE:HUBB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 33,203 shares of the industrial products company's stock, valued at approximately $13,908,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Hubbell at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBB. Flagship Harbor Advisors LLC increased its stake in Hubbell by 17.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 693 shares of the industrial products company's stock valued at $290,000 after buying an additional 104 shares during the last quarter. Blue Trust Inc. increased its stake in Hubbell by 37.8% in the 4th quarter. Blue Trust Inc. now owns 714 shares of the industrial products company's stock valued at $306,000 after buying an additional 196 shares during the last quarter. KBC Group NV increased its stake in Hubbell by 4.0% in the 4th quarter. KBC Group NV now owns 10,716 shares of the industrial products company's stock valued at $4,489,000 after buying an additional 412 shares during the last quarter. Pacer Advisors Inc. increased its stake in Hubbell by 43.6% in the 4th quarter. Pacer Advisors Inc. now owns 5,736 shares of the industrial products company's stock valued at $2,403,000 after buying an additional 1,741 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in Hubbell by 12.6% in the 4th quarter. OLD National Bancorp IN now owns 671 shares of the industrial products company's stock valued at $281,000 after buying an additional 75 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.

Hubbell Stock Performance

Shares of HUBB stock traded up $9.15 during midday trading on Tuesday, hitting $390.49. 631,744 shares of the company were exchanged, compared to its average volume of 542,273. The firm has a market capitalization of $20.84 billion, a P/E ratio of 27.19, a PEG ratio of 1.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.64. The firm's 50 day moving average price is $358.78 and its two-hundred day moving average price is $392.24. Hubbell Incorporated has a 52 week low of $299.43 and a 52 week high of $481.35.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $3.50 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.23). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.60 EPS. As a group, equities research analysts anticipate that Hubbell Incorporated will post 17.63 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 30th. Hubbell's payout ratio is 35.72%.

Hubbell announced that its board has initiated a share buyback plan on Wednesday, February 12th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on HUBB. Wall Street Zen lowered shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Barclays lowered their price objective on shares of Hubbell from $422.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hubbell from $352.00 to $417.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Hubbell presently has an average rating of "Hold" and a consensus price target of $457.50.

Insider Buying and Selling

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