UBS Asset Management Americas Inc. held its position in shares of General Cable Corporation (NYSE:BGC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,988 shares of the industrial products company’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned approximately 0.08% of General Cable Corporation worth $621,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BGC. Swiss National Bank increased its position in General Cable Corporation by 2.8% during the first quarter. Swiss National Bank now owns 81,300 shares of the industrial products company’s stock worth $1,459,000 after buying an additional 2,200 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in General Cable Corporation by 2.0% during the first quarter. Parametric Portfolio Associates LLC now owns 181,313 shares of the industrial products company’s stock worth $3,255,000 after buying an additional 3,472 shares during the last quarter. Arizona State Retirement System increased its position in General Cable Corporation by 1.6% during the first quarter. Arizona State Retirement System now owns 25,801 shares of the industrial products company’s stock worth $463,000 after buying an additional 400 shares during the last quarter. Principal Financial Group Inc. increased its position in General Cable Corporation by 4.2% during the first quarter. Principal Financial Group Inc. now owns 376,778 shares of the industrial products company’s stock worth $6,763,000 after buying an additional 15,255 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in General Cable Corporation by 6.6% during the first quarter. Thrivent Financial For Lutherans now owns 28,430 shares of the industrial products company’s stock worth $510,000 after buying an additional 1,760 shares during the last quarter. 97.75% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of General Cable Corporation (NYSE:BGC) opened at 21.30 on Friday. General Cable Corporation has a 12-month low of $11.70 and a 12-month high of $23.05. The firm’s 50-day moving average is $20.02 and its 200-day moving average is $17.92. The company’s market capitalization is $1.06 billion.

General Cable Corporation (NYSE:BGC) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.12). General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. The business had revenue of $943.10 million during the quarter. On average, equities research analysts anticipate that General Cable Corporation will post $0.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a $0.18 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.72 annualized dividend and a yield of 3.38%. General Cable Corporation’s payout ratio is currently -20.17%.

Separately, BidaskClub cut shares of General Cable Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th.

General Cable Corporation Company Profile

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.

Institutional Ownership by Quarter for General Cable Corporation (NYSE:BGC)

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