Hubbell Incorporated (NYSE:HUBB) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,848 shares of the industrial products company's stock after buying an additional 1,957 shares during the period. Exchange Traded Concepts LLC's holdings in Hubbell were worth $3,706,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HUBB. Public Sector Pension Investment Board lifted its holdings in Hubbell by 78.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,048 shares of the industrial products company's stock valued at $749,000 after buying an additional 901 shares in the last quarter. Marshall Wace LLP bought a new stake in Hubbell during the 2nd quarter valued at $9,288,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings 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 buying an additional 3,869 shares during the period. Squarepoint Ops LLC grew its position in shares of Hubbell by 1,054.3% during the 2nd quarter. Squarepoint Ops LLC now owns 16,784 shares of the industrial products company's stock worth $6,134,000 after buying an additional 15,330 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Hubbell by 260.0% during the second quarter. APG Asset Management N.V. now owns 5,400 shares of the industrial products company's stock valued at $1,841,000 after buying an additional 3,900 shares during the period. Institutional investors own 88.16% of the company's stock.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several recent research reports. Barclays increased their target price on Hubbell from $402.00 to $475.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered Hubbell from a "buy" rating to a "hold" rating and cut their target price for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Wells Fargo & Company decreased their price target on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. StockNews.com raised shares of Hubbell from a "hold" rating to a "buy" rating in a report on Thursday, January 16th. Finally, Mizuho upped their target price on Hubbell from $450.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $471.50.

Hubbell Stock Performance

NYSE HUBB traded up $1.77 on Friday, reaching $455.56. 470,149 shares of the company's stock traded hands, compared to its average volume of 360,575. Hubbell Incorporated has a fifty-two week low of $326.13 and a fifty-two week 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 firm has a market cap of $24.45 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 1.57 and a beta of 0.93. The stock has a 50 day moving average price of $442.63 and a 200-day moving average price of $420.43.

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

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the 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 completion of the transaction, the insider now directly owns 2,957 shares of the company's stock, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company's stock.

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.