28,926 Shares in Methode Electronics, Inc. $MEI Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Methode Electronics, Inc. (NYSE:MEI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 28,926 shares of the electronics maker’s stock, valued at approximately $549,000. Susquehanna Fundamental Investments LLC owned about 0.08% of Methode Electronics as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Methode Electronics by 8.3% in the first quarter. Empowered Funds LLC now owns 127,268 shares of the electronics maker’s stock valued at $812,000 after purchasing an additional 9,787 shares during the period. Strs Ohio acquired a new position in shares of Methode Electronics during the first quarter worth approximately $133,000. JPMorgan Chase & Co. grew its holdings in Methode Electronics by 10.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 191,757 shares of the electronics maker’s stock worth $1,824,000 after buying an additional 17,418 shares in the last quarter. Franklin Resources Inc. bought a new position in Methode Electronics in the 2nd quarter worth approximately $234,000. Finally, XTX Topco Ltd acquired a new stake in Methode Electronics in the 2nd quarter valued at approximately $107,000. Institutional investors own 95.49% of the company’s stock.

Methode Electronics Trading Down 1.3%

Shares of NYSE:MEI opened at $18.09 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.37. The stock has a market capitalization of $641.65 million, a price-to-earnings ratio of -17.91 and a beta of 1.54. Methode Electronics, Inc. has a 1-year low of $4.88 and a 1-year high of $20.38. The company has a 50 day moving average price of $16.21 and a 200 day moving average price of $11.40.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Wednesday, September 2nd. The electronics maker reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.05. The firm had revenue of $265.40 million for the quarter, compared to analysts’ expectations of $238.31 million. Methode Electronics had a negative return on equity of 5.59% and a negative net margin of 3.50%. On average, research analysts anticipate that Methode Electronics, Inc. will post -0.95 EPS for the current fiscal year.

Methode Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. Methode Electronics’s dividend payout ratio (DPR) is presently -19.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MEI shares. Robert W. Baird boosted their price target on Methode Electronics from $8.50 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Zacks Research upgraded shares of Methode Electronics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Barrington Research raised shares of Methode Electronics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Methode Electronics in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

Methode Electronics Company Profile

Methode Electronics, Inc is a Chicago-based global manufacturer of custom-engineered electronic and electromechanical components and assemblies. Founded in 1946, Methode specializes in providing solutions that integrate electrical connectors, sensors, switches, human-machine interface devices and power distribution modules. The company’s product portfolio addresses complex application requirements across a broad range of end markets, including automotive, industrial, energy, healthcare and data/telecommunications.

In its automotive segment, Methode develops advanced connector systems, circuit protection devices and thermal management solutions for internal combustion, hybrid and electric vehicles.