Cerebellum GP LLC Buys 451 Shares of Hubbell Incorporated (NYSE:HUBB)

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Cerebellum GP LLC lifted its stake in Hubbell Incorporated (NYSE:HUBB) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,822 shares of the industrial products company’s stock after purchasing an additional 451 shares during the quarter. Cerebellum GP LLC’s holdings in Hubbell were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. River & Mercantile Asset Management LLP bought a new stake in shares of Hubbell in the 2nd quarter worth approximately $46,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Hubbell in the 2nd quarter worth approximately $61,000. Quadrant Capital Group LLC boosted its position in shares of Hubbell by 127.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 602 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 337 shares in the last quarter. MUFG Americas Holdings Corp bought a new stake in shares of Hubbell in the 3rd quarter worth approximately $105,000. Finally, NumerixS Investment Technologies Inc boosted its position in shares of Hubbell by 62.5% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,300 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 500 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on HUBB shares. Zacks Investment Research cut Hubbell from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price target on Hubbell from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Wolfe Research cut Hubbell from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 9th. Morgan Stanley boosted their price target on Hubbell from $138.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, ValuEngine cut Hubbell from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Hubbell presently has a consensus rating of “Hold” and a consensus price target of $149.00.

In related news, insider Rodd Richard Ruland sold 3,594 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.96, for a total value of $517,392.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joseph Anthony Capozzoli sold 1,243 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $142.39, for a total value of $176,990.77. Following the completion of the transaction, the vice president now directly owns 10,812 shares in the company, valued at $1,539,520.68. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

HUBB stock opened at $146.26 on Thursday. The stock has a market capitalization of $7.88 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.51. Hubbell Incorporated has a 12-month low of $103.47 and a 12-month high of $149.31. The company has a current ratio of 2.09, a quick ratio of 1.33 and a debt-to-equity ratio of 0.89. The stock’s 50 day simple moving average is $147.22 and its 200 day simple moving average is $136.53.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.07. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Hubbell had a return on equity of 23.47% and a net margin of 8.34%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 EPS. On average, research analysts predict that Hubbell Incorporated will post 8.06 earnings per share for the current year.

About Hubbell

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical 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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Want to see what other hedge funds are holding HUBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hubbell Incorporated (NYSE:HUBB).

Institutional Ownership by Quarter for Hubbell (NYSE:HUBB)

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