Fiera Capital Corp Has $52.28 Million Position in Hubbell Incorporated (NYSE:HUBB)

Fiera Capital Corp reduced its position in shares of Hubbell Incorporated (NYSE:HUBB) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 124,809 shares of the industrial products company’s stock after selling 2,689 shares during the quarter. Fiera Capital Corp owned about 0.23% of Hubbell worth $52,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new stake in Hubbell during the 4th quarter worth $30,000. Prospera Private Wealth LLC bought a new position in shares of Hubbell in the 3rd quarter worth $33,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 31 shares during the period. Ashton Thomas Securities LLC bought a new stake in Hubbell in the third quarter valued at about $41,000. Finally, Northwest Investment Counselors LLC acquired a new position in Hubbell in the third quarter valued at about $58,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Hubbell Trading Down 1.5 %

Hubbell stock opened at $391.07 on Thursday. The stock has a market cap of $20.99 billion, a P/E ratio of 27.23, a PEG ratio of 1.36 and a beta of 0.92. 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 fifty day moving average price is $430.98 and its 200-day moving average price is $423.43. Hubbell Incorporated has a fifty-two week low of $346.13 and a fifty-two week high of $481.35.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.08. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. Hubbell had a net margin of 13.82% and a return on equity of 28.62%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.69 EPS. Equities research analysts forecast that Hubbell Incorporated will post 17.63 earnings per share for the current fiscal year.

Hubbell announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, February 28th. Hubbell’s payout ratio is currently 36.77%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HUBB shares. Sanford C. Bernstein assumed coverage on shares of Hubbell in a report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target for the company. Mizuho boosted their target price on Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered Hubbell from a “buy” rating to a “hold” rating and lowered their target price for the stock from $493.00 to $473.00 in a research note on Tuesday, November 26th. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley upped their target price on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $471.50.

About Hubbell

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.