Barclays PLC Has $2.14 Million Stock Position in Methode Electronics, Inc. (NYSE:MEI)

Barclays PLC grew its stake in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 42.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,716 shares of the electronics maker's stock after buying an additional 53,799 shares during the quarter. Barclays PLC owned about 0.51% of Methode Electronics worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Methode Electronics by 176.7% in the 4th quarter. JPMorgan Chase & Co. now owns 263,381 shares of the electronics maker's stock worth $3,105,000 after purchasing an additional 168,188 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Methode Electronics in the fourth quarter worth approximately $3,678,000. Geode Capital Management LLC increased its holdings in shares of Methode Electronics by 2.6% in the third quarter. Geode Capital Management LLC now owns 802,728 shares of the electronics maker's stock valued at $9,603,000 after buying an additional 20,487 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Methode Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 117,481 shares of the electronics maker's stock valued at $1,385,000 after acquiring an additional 5,677 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Methode Electronics by 2,396.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 287,440 shares of the electronics maker's stock worth $3,389,000 after acquiring an additional 275,926 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Lars Ullrich acquired 15,150 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $6.69 per share, for a total transaction of $101,353.50. Following the completion of the acquisition, the senior vice president now owns 15,150 shares of the company's stock, valued at approximately $101,353.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan B. Degaynor bought 32,733 shares of Methode Electronics stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $6.46 per share, with a total value of $211,455.18. Following the completion of the purchase, the chief executive officer now directly owns 32,733 shares of the company's stock, valued at approximately $211,455.18. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MEI shares. Sidoti raised Methode Electronics from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a report on Tuesday, February 25th. Robert W. Baird reduced their price objective on shares of Methode Electronics from $9.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th.

Methode Electronics Stock Down 1.4 %

NYSE:MEI traded down $0.09 during trading hours on Monday, hitting $6.59. 168,897 shares of the stock traded hands, compared to its average volume of 499,121. The firm has a market cap of $235.10 million, a price-to-earnings ratio of -2.60 and a beta of 0.88. The firm has a 50 day moving average price of $6.72 and a 200 day moving average price of $9.57. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.46. Methode Electronics, Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $17.45.

Methode Electronics (NYSE:MEI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The electronics maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.04). Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. The business had revenue of $239.90 million during the quarter, compared to analysts' expectations of $264.01 million. During the same period in the prior year, the company posted ($0.33) earnings per share. Equities research analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Methode Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, April 18th were paid a $0.14 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.56 annualized dividend and a yield of 8.50%. Methode Electronics's dividend payout ratio is presently -21.46%.

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.