Seabridge Investment Advisors Lowers stake in Hubbell Incorporated (HUBB)

Hubbell Incorporated (HUBB) : Seabridge Investment Advisors reduced its stake in Hubbell Incorporated by 4.25% during the most recent quarter end. The investment management company now holds a total of 69,974 shares of Hubbell Incorporated which is valued at $7,571,187 after selling 3,103 shares in Hubbell Incorporated , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Hubbell Incorporated makes up approximately 1.71% of Seabridge Investment Advisors’s portfolio.

Other Hedge Funds, Including , Clean Yield Group reduced its stake in HUBB by selling 1,055 shares or 12.0% in the most recent quarter. The Hedge Fund company now holds 7,739 shares of HUBB which is valued at $843,396. Hubbell Incorporated makes up approx 0.37% of Clean Yield Group’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in HUBB in the latest quarter, The investment management firm added 2,282 additional shares and now holds a total of 21,837 shares of Hubbell Incorporated which is valued at $2,379,796. Hubbell Incorporated makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.State Of Alaska Department Of Revenue boosted its stake in HUBB in the latest quarter, The investment management firm added 1,726 additional shares and now holds a total of 2,432 shares of Hubbell Incorporated which is valued at $265,039. Hubbell Incorporated makes up approx 0.03% of State Of Alaska Department Of Revenue’s portfolio.

On the company’s financial health, Hubbell Incorporated reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.07. The company had revenue of $834.80 million for the quarter, compared to analysts expectations of $802.86 million. The company’s revenue was up 3.1% compared to the same quarter last year.

Hubbell Incorporated (Hubbell) is engaged in the design manufacture and sale of electrical and electronic products for a range of non-residential and residential construction industrial and utility applications. The Company operates in two segments: Electrical and Power. The Electrical segment consists of electrical systems products and lighting products. The Electrical segment consists of businesses which sell stock and custom products including standard and special application wiring device products rough-in electrical products connector and grounding products lighting fixtures and controls. It also offers light-emitting diode (LED) luminaire products. The Power segment designs and manufactures various distribution transmission substation and telecommunication products used by the electrical utility industry. It offers these products to electric utilities telecommunication companies pipeline and mining operations and construction and engineering firms among others.

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