Holocene Advisors LP Acquires 13,073 Shares of Hubbell Incorporated (NYSE:HUBB)

Holocene Advisors LP boosted its holdings in shares of Hubbell Incorporated (NYSE:HUBB) by 136.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,689 shares of the industrial products company’s stock after acquiring an additional 13,073 shares during the period. Holocene Advisors LP’s holdings in Hubbell were worth $4,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of HUBB. Crescent Capital Consulting LLC bought a new stake in shares of Hubbell in the 1st quarter valued at about $32,000. Concord Wealth Partners bought a new stake in shares of Hubbell in the 1st quarter valued at about $33,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Hubbell in the 1st quarter valued at about $38,000. Signaturefd LLC boosted its holdings in shares of Hubbell by 362.0% in the 1st quarter. Signaturefd LLC now owns 231 shares of the industrial products company’s stock valued at $43,000 after buying an additional 181 shares in the last quarter. Finally, Gradient Investments LLC bought a new stake in shares of Hubbell in the 1st quarter valued at about $44,000. Institutional investors own 85.24% of the company’s stock.

HUBB stock opened at $197.37 on Thursday. The stock has a 50 day moving average of $187.62. The firm has a market cap of $10.72 billion, a PE ratio of 25.70, a PEG ratio of 2.37 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.68. Hubbell Incorporated has a 52 week low of $130.69 and a 52 week high of $201.06.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, April 27th. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.05. Hubbell had a net margin of 8.48% and a return on equity of 20.42%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted $1.64 EPS. Hubbell’s revenue for the quarter was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Hubbell Incorporated will post 8.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 15th. Shareholders of record on Monday, May 31st were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, May 27th. Hubbell’s dividend payout ratio is presently 51.72%.

HUBB has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, May 4th. Morgan Stanley lifted their target price on shares of Hubbell from $197.00 to $203.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $187.75.

In other Hubbell news, Director Carlos M. Cardoso sold 1,059 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The shares were sold at an average price of $190.28, for a total transaction of $201,506.52. Following the completion of the transaction, the director now directly owns 1,991 shares of the company’s stock, valued at approximately $378,847.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stephen M. Mais sold 3,178 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $193.29, for a total transaction of $614,275.62. Following the transaction, the vice president now directly owns 16,146 shares of the company’s stock, valued at $3,120,860.34. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments, Electrical Solution and Utility Solution. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.

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Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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