Methode Electronics, Inc. (NYSE:MEI) Holdings Lifted by Barclays PLC

Barclays PLC boosted its holdings in Methode Electronics, Inc. (NYSE:MEI) by 112.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,917 shares of the electronics maker’s stock after acquiring an additional 67,656 shares during the quarter. Barclays PLC owned about 0.36% of Methode Electronics worth $1,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of Methode Electronics by 128.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,690,878 shares of the electronics maker’s stock worth $17,501,000 after purchasing an additional 949,616 shares in the last quarter. Millennium Management LLC grew its position in Methode Electronics by 98.7% in the second quarter. Millennium Management LLC now owns 648,019 shares of the electronics maker’s stock worth $6,707,000 after buying an additional 321,832 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Methode Electronics in the second quarter worth approximately $2,619,000. Algert Global LLC increased its holdings in shares of Methode Electronics by 228.2% in the third quarter. Algert Global LLC now owns 273,551 shares of the electronics maker’s stock valued at $3,272,000 after buying an additional 190,203 shares in the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Methode Electronics by 86.6% during the 3rd quarter. Walleye Capital LLC now owns 334,385 shares of the electronics maker’s stock valued at $3,999,000 after acquiring an additional 155,147 shares during the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

Methode Electronics Price Performance

Shares of NYSE:MEI opened at $12.23 on Friday. The company’s fifty day moving average is $10.85 and its two-hundred day moving average is $10.91. The company has a market cap of $436.09 million, a P/E ratio of -4.83 and a beta of 0.81. Methode Electronics, Inc. has a 12-month low of $8.54 and a 12-month high of $23.09. The company has a quick ratio of 1.73, a current ratio of 2.75 and a debt-to-equity ratio of 0.46.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.31. Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. During the same quarter last year, the business earned $0.06 EPS. Equities analysts expect that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Methode Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, January 17th. Methode Electronics’s dividend payout ratio (DPR) is -22.13%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird lifted their target price on Methode Electronics from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. StockNews.com upgraded Methode Electronics from a “sell” rating to a “hold” rating in a report on Friday, September 6th.

Methode Electronics Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.