The
investment patterns in
Hubbell Incorporated show notable shifts, with various asset management firms changing their stakes in the company. Both
BNP Paribas Asset Management and
Zurcher Kantonalbank Zurich Cantonalbank increased their shares, whereas
New York State Teachers Retirement System and
Calamos Advisors reduced their holdings. Meanwhile,
Assenagon Asset Management S.A. sold a significant portion of shares but still maintains a $1.48 million stake. Despite catch up challenges between its
business and share price, Hubbell's
fundamentals remain strong. Its dividends offer an attractive proposition and analysts predict a generally
positive growth trajectory.
Acquisitions and restructuring efforts are underway to fuel future free cash flow growth.
Q1 and Q2 2024 earnings have been released, with Q2 demonstrating strong EPS but slight revenue shortfall. Courting controversy is CEO
Gerben Bakker's sale of over $5.8 million in stock, signalling possible caution. On the bright side, Hubbell's been
recognized as one of 2024's most ethical companies and is set to strengthen its portfolio through strategic acquisition of
Systems Control and
Aclara Technologies.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sun, 01 Sep 2024 20:42:54 GMT -
Rating 1
- Innovation 5
- Information 8
- Rumor -3
