AEGON ASSET MANAGEMENT UK Plc Has $10.14 Million Holdings in Hubbell Incorporated (NYSE:HUBB)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,213 shares of the industrial products company's stock after selling 5,639 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Hubbell were worth $10,142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new position in shares of Hubbell in the 2nd quarter worth approximately $2,915,000. ProShare Advisors LLC grew its position in shares of Hubbell by 8.4% in the 2nd quarter. ProShare Advisors LLC now owns 7,404 shares of the industrial products company's stock worth $2,706,000 after acquiring an additional 575 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Hubbell by 78.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,048 shares of the industrial products company's stock worth $749,000 after acquiring an additional 901 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Hubbell in the 2nd quarter worth approximately $9,288,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Hubbell by 60.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 10,271 shares of the industrial products company's stock worth $3,754,000 after acquiring an additional 3,869 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Hubbell Stock Up 0.4 %

NYSE:HUBB traded up $1.77 during trading hours on Friday, hitting $455.56. 470,149 shares of the company's stock traded hands, compared to its average volume of 360,575. The firm has a market cap of $24.45 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.57 and a beta of 0.93. Hubbell Incorporated has a twelve month low of $326.13 and a twelve month high of $481.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The stock's fifty day moving average price is $442.63 and its two-hundred day moving average price is $419.77.

Hubbell (NYSE:HUBB - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $4.49 EPS for the quarter, beating analysts' consensus estimates of $4.47 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.95 earnings per share. On average, research analysts expect that Hubbell Incorporated will post 16.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded Hubbell from a "hold" rating to a "buy" rating in a research report on Thursday, January 16th. Sanford C. Bernstein assumed coverage on Hubbell in a research report on Tuesday, November 5th. They set an "outperform" rating and a $535.00 price objective for the company. JPMorgan Chase & Co. lowered Hubbell from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $385.00 to $454.00 in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Finally, Barclays boosted their price objective on Hubbell from $402.00 to $475.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hubbell currently has an average rating of "Hold" and an average price target of $471.50.

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently 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.