Universal Beteiligungs und Servicegesellschaft mbH Sells 1,945 Shares of Hubbell Inc $HUBB

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Hubbell Inc (NYSE:HUBB) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,766 shares of the industrial products company’s stock after selling 1,945 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Hubbell worth $23,997,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HUBB. Cullen Frost Bankers Inc. lifted its position in Hubbell by 400.0% in the second quarter. Cullen Frost Bankers Inc. now owns 85 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 68 shares during the last quarter. Mather Group LLC. bought a new position in shares of Hubbell in the third quarter worth approximately $37,000. Root Financial Partners LLC purchased a new position in shares of Hubbell in the third quarter worth $45,000. Johnson Financial Group Inc. raised its holdings in Hubbell by 185.4% during the 2nd quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after buying an additional 89 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Hubbell during the 2nd quarter valued at $57,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hubbell

In other Hubbell news, insider Alyssa R. Flynn sold 2,011 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $470.32, for a total transaction of $945,813.52. Following the completion of the transaction, the insider owned 3,243 shares of the company’s stock, valued at approximately $1,525,247.76. This trade represents a 38.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John F. Malloy bought 435 shares of Hubbell stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $429.24 per share, for a total transaction of $186,719.40. Following the completion of the transaction, the director directly owned 19,085 shares in the company, valued at approximately $8,192,045.40. This trade represents a 2.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HUBB. Wells Fargo & Company boosted their price objective on shares of Hubbell from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. UBS Group reissued a “neutral” rating and issued a $450.00 target price on shares of Hubbell in a research note on Friday, December 12th. Evercore ISI initiated coverage on Hubbell in a research report on Monday, December 15th. They set an “outperform” rating and a $575.00 price target for the company. Barclays increased their price objective on Hubbell from $456.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on Hubbell from $417.00 to $458.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hubbell currently has an average rating of “Moderate Buy” and a consensus price target of $497.25.

Hubbell Stock Performance

Hubbell stock opened at $483.74 on Friday. Hubbell Inc has a fifty-two week low of $299.42 and a fifty-two week high of $497.95. The stock’s 50 day simple moving average is $449.09 and its two-hundred day simple moving average is $439.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.36. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.45 and a beta of 1.02.

Hubbell (NYSE:HUBB) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.19. Hubbell had a return on equity of 27.68% and a net margin of 15.24%.The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the company earned $4.49 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. As a group, analysts expect that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

About Hubbell

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.