Illinois Municipal Retirement Fund and Private Advisor Group LLC have reduced their stake in Hubbell Incorporated, even as Jennison Associates LLC and Capstone Investment Advisors LLC increased theirs. There has been concern about Hubbell's price while recognizing their strong fundamentals. Hubbell saw an insider sale which might signal caution. However, despite the challenging margins, Q1 earnings beat estimates. The company's restructuring efforts and acquisitions could enhance Free Cash Flow (FCF) growth. Also, New Mexico Educational Retirement Board has raised its stock holdings in Hubbell. Hubbell has been recognized as one of the world's most ethical companies and the company's CEO compensation is well earned. However, the 5-year earnings growth lags the shareholder returns. Hubbell recently sold its residential lighting business and announced new segment leadership. Comvest Partners completed the sale of Systems Control to Hubbell while Sustainable Insight Capital Management LLC acquired new shares. Hubbell has also priced its offering of senior notes due 2031.
Hubbell Incorporated HUBB News Analytics from Sun, 15 May 2016 22:09:16 GMT to Sun, 14 Jul 2024 16:44:03 GMT -
Rating -2
- Innovation 1
- Information 2
- Rumor -4
