Deprince Race & Zollo Inc. Lowers Position in Hubbell Incorporated (HUBB)

Share on StockTwits

Deprince Race & Zollo Inc. reduced its position in Hubbell Incorporated (NYSE:HUBB) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 180,606 shares of the industrial products company’s stock after selling 10,061 shares during the period. Deprince Race & Zollo Inc. owned 0.33% of Hubbell worth $21,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Oakbrook Investments LLC raised its stake in Hubbell by 7.1% in the 1st quarter. Oakbrook Investments LLC now owns 6,425 shares of the industrial products company’s stock valued at $758,000 after acquiring an additional 425 shares during the period. Meeder Asset Management Inc. raised its stake in Hubbell by 228.4% in the 1st quarter. Meeder Asset Management Inc. now owns 1,146 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 797 shares during the period. BTIM Corp. raised its stake in Hubbell by 6.2% in the 1st quarter. BTIM Corp. now owns 548,786 shares of the industrial products company’s stock valued at $64,746,000 after acquiring an additional 31,953 shares during the period. Louisiana State Employees Retirement System raised its stake in Hubbell by 0.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the industrial products company’s stock valued at $1,723,000 after acquiring an additional 100 shares during the period. Finally, W.E. Donoghue & Co. LLC bought a new stake in Hubbell in the 1st quarter valued at about $992,000. Institutional investors and hedge funds own 86.56% of the company’s stock.

HUBB traded up $0.89 during midday trading on Thursday, hitting $126.05. The stock had a trading volume of 5,441 shares, compared to its average volume of 367,717. The firm has a market cap of $6.83 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.96 and a quick ratio of 1.18. Hubbell Incorporated has a 1 year low of $91.88 and a 1 year high of $137.67.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Hubbell had a return on equity of 23.08% and a net margin of 8.04%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. On average, equities analysts anticipate that Hubbell Incorporated will post 8.07 earnings per share for the current year.

HUBB has been the topic of several analyst reports. ValuEngine cut Hubbell from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Oppenheimer reiterated a “market perform” rating on shares of Hubbell in a research report on Tuesday, January 8th. CIBC reaffirmed a “market perform” rating on shares of Hubbell in a research note on Tuesday, January 8th. Zacks Investment Research lowered Hubbell from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JMP Securities set a $146.00 target price on Hubbell and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $133.29.

In other news, VP An-Ping Hsieh sold 6,315 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $122.32, for a total transaction of $772,450.80. Following the completion of the sale, the vice president now owns 24,376 shares of the company’s stock, valued at $2,981,672.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4302693/deprince-race-zollo-inc-lowers-position-in-hubbell-incorporated-hubb.html.

Hubbell Profile

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.

Read More: Intrinsic Value

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)

Receive News & Ratings for Hubbell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hubbell and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Universal Logistics Holdings Inc  Given Average Rating of “Hold” by Analysts
Universal Logistics Holdings Inc Given Average Rating of “Hold” by Analysts
Theta Fuel Trading Up 4.5% This Week
Theta Fuel Trading Up 4.5% This Week
Royal Mail  Stock Rating Reaffirmed by Liberum Capital
Royal Mail Stock Rating Reaffirmed by Liberum Capital
Nutanix Inc  Receives Average Recommendation of “Buy” from Brokerages
Nutanix Inc Receives Average Recommendation of “Buy” from Brokerages
Copart Target of Unusually Large Options Trading
Copart Target of Unusually Large Options Trading
Western Asset Mrtg Defined Oppn Fund Inc Declares Monthly Dividend of $0.16
Western Asset Mrtg Defined Oppn Fund Inc Declares Monthly Dividend of $0.16


© 2006-2019 Ticker Report