Hubbell Incorporated witnessed market activities from various investors. Positions were modified by the American International Group Inc. and Wellington Management Group LLP, both reducing their stakes. Meanwhile, Vanguard Group Inc., V Square Quantitative Management, Banque Cantonale Vaudoise, California State Teachers Retirement System, and several others increased their holdings. Insider trading was noted with the President of Electrical Solutions Divison, Mark Mikes, involved. The firm also surpassed Q2 earnings and revenue estimates while achieving robust fundamentals despite stock weakness. Hubbell completed acquisitions and restructuring, aimed at enhancing Free Cash Flow (FCF) growth. Hubbell's stock was flagged as a concern, but its intrinsic value estimate suggests it's undervalued by 29%. The company's recent Q1 2024 earnings call delivered an upbeat assessment despite challenging margins. One of the notable developments was the definitive agreement for Comvest Partners to sell Systems Control to Hubbell. The company also held its 2024 Investor Day and was recognized as one of 2024's Most Ethical Companies.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sun, 23 Jun 2024 19:41:53 GMT -
Rating 4
- Innovation 3
- Information 8
- Rumor -6
