Hubbell Incorporated (NYSE:HUBB) Stake Lessened by Fiera Capital Corp

Fiera Capital Corp lowered its holdings in shares of Hubbell Incorporated (NYSE:HUBB - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,809 shares of the industrial products company's stock after selling 2,689 shares during the period. Fiera Capital Corp owned 0.23% of Hubbell worth $52,281,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Groupama Asset Managment boosted its stake in Hubbell by 17.0% during the 3rd 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 period. Stonebridge Financial Group LLC acquired a new stake in Hubbell during the 4th quarter worth $30,000. Prospera Private Wealth LLC acquired a new stake in shares of Hubbell in the 3rd quarter worth $33,000. Versant Capital Management Inc lifted its stake in shares of Hubbell by 64.6% in the 4th quarter. Versant Capital Management Inc now owns 79 shares of the industrial products company's stock worth $33,000 after acquiring an additional 31 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Hubbell in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 88.16% of the company's stock.

Hubbell Price Performance

NYSE:HUBB traded down $3.30 during mid-day trading on Friday, hitting $389.93. 655,543 shares of the company's stock traded hands, compared to its average volume of 676,539. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.64. The firm's 50 day simple moving average is $426.51 and its 200 day simple moving average is $423.46. Hubbell Incorporated has a 1 year low of $346.13 and a 1 year high of $481.35. The company has a market cap of $20.93 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.41 billion. Hubbell had a net margin of 13.82% and a return on equity of 28.62%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm posted $3.69 EPS. Sell-side analysts expect that Hubbell Incorporated will post 17.63 EPS for the current year.

Hubbell announced that its board has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Hubbell Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.35%. Hubbell's dividend payout ratio (DPR) is presently 36.77%.

Analyst Upgrades and Downgrades

HUBB has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Hubbell in a research note on Tuesday, November 5th. They issued an "outperform" rating and a $535.00 target price for the company. Morgan Stanley raised their target price on shares of Hubbell from $407.00 to $445.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut shares of Hubbell from a "buy" rating to a "hold" rating and reduced their target price for the stock from $493.00 to $473.00 in a research note on Tuesday, November 26th. StockNews.com cut shares of Hubbell from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays raised their target price 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Hubbell has an average rating of "Hold" and a consensus target price of $471.50.

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.