Headlands Technologies LLC Acquires 4,199 Shares of Hubbell Incorporated (NYSE:HUBB)

Headlands Technologies LLC grew its holdings in Hubbell Incorporated (NYSE:HUBB - Free Report) by 16,796.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,224 shares of the industrial products company's stock after acquiring an additional 4,199 shares during the quarter. Headlands Technologies LLC's holdings in Hubbell were worth $1,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC lifted its position in Hubbell by 127.5% during the fourth quarter. Lindbrook Capital LLC now owns 91 shares of the industrial products company's stock worth $30,000 after purchasing an additional 51 shares during the period. Baillie Gifford & Co. bought a new stake in Hubbell during the fourth quarter worth about $33,000. Sentry Investment Management LLC bought a new stake in Hubbell during the fourth quarter worth about $91,000. Grove Bank & Trust lifted its position in Hubbell by 14.3% during the third quarter. Grove Bank & Trust now owns 400 shares of the industrial products company's stock worth $125,000 after purchasing an additional 50 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Hubbell by 43.2% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the industrial products company's stock worth $133,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 88.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho increased their target price on shares of Hubbell from $370.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. StockNews.com cut shares of Hubbell from a "buy" rating to a "hold" rating in a report on Friday, February 2nd. Wells Fargo & Company increased their target price on shares of Hubbell from $351.00 to $360.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hubbell in a report on Monday, March 11th. They issued a "hold" rating and a $427.00 target price for the company. Finally, Barclays increased their target price on shares of Hubbell from $340.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $383.57.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 1,837 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $358.16, for a total transaction of $657,939.92. Following the completion of the sale, the insider now owns 5,296 shares of the company's stock, valued at approximately $1,896,815.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hubbell news, insider Mark Eugene Mikes sold 1,837 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $358.16, for a total transaction of $657,939.92. Following the completion of the sale, the insider now owns 5,296 shares of the company's stock, valued at approximately $1,896,815.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nero Jonathan M. Del sold 1,098 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total transaction of $387,308.52. Following the sale, the vice president now directly owns 3,646 shares of the company's stock, valued at approximately $1,286,090.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,125 shares of company stock valued at $12,065,100. 0.66% of the stock is currently owned by company insiders.

Hubbell Trading Up 1.3 %

Shares of Hubbell stock traded up $5.26 on Friday, hitting $407.53. The stock had a trading volume of 359,603 shares, compared to its average volume of 352,773. The stock has a 50 day moving average of $395.96 and a 200 day moving average of $343.10. Hubbell Incorporated has a twelve month low of $248.37 and a twelve month high of $429.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.64. The firm has a market capitalization of $21.86 billion, a P/E ratio of 29.01, a PEG ratio of 2.48 and a beta of 0.94.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.11. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The firm's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.60 earnings per share. Sell-side analysts expect that Hubbell Incorporated will post 16.43 earnings per share for the current fiscal year.

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.