SG Americas Securities LLC Sells 1,847 Shares of Hubbell Incorporated (NYSE:HUBB)

SG Americas Securities LLC decreased its position in shares of Hubbell Incorporated (NYSE:HUBB) by 57.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,343 shares of the industrial products company’s stock after selling 1,847 shares during the period. SG Americas Securities LLC’s holdings in Hubbell were worth $563,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HUBB. Groupama Asset Managment raised its stake in shares of Hubbell by 17.0% in the third quarter. Groupama Asset Managment now owns 6,955 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,010 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Hubbell in the third quarter valued at $33,000. Versant Capital Management Inc boosted its position in shares of Hubbell by 64.6% during the fourth quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company’s stock worth $33,000 after buying an additional 31 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Hubbell in the third quarter worth $41,000. Finally, Quarry LP purchased a new stake in shares of Hubbell in the 2nd quarter valued at approximately $49,000. 88.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HUBB. Wells Fargo & Company lowered their price target on Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut Hubbell from a “buy” rating to a “hold” rating and decreased their target price for the stock from $493.00 to $473.00 in a report on Tuesday, November 26th. Sanford C. Bernstein assumed coverage on Hubbell in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target on the stock. JPMorgan Chase & Co. lowered Hubbell from an “overweight” rating to a “neutral” rating and upped their target price for the company from $385.00 to $454.00 in a report on Thursday, October 10th. Finally, Barclays upped their price target on shares of Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hubbell has a consensus rating of “Hold” and an average target price of $471.50.

Hubbell Trading Down 0.9 %

Shares of HUBB stock opened at $422.94 on Friday. The company has a market cap of $22.70 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. Hubbell Incorporated has a 12 month low of $334.17 and a 12 month high of $481.35. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $439.29 and its two-hundred day moving average is $421.26.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.48 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $3.95 EPS. Equities analysts predict that Hubbell Incorporated will post 16.48 EPS for the current year.

Hubbell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.25%. Hubbell’s payout ratio is 38.04%.

Insider Transactions at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total value of $533,332.80. Following the transaction, the insider now owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. The trade was a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Hubbell Company 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.