Deutsche Bank AG Purchases 90,558 Shares of Methode Electronics, Inc. $MEI

Key Points

• Deutsche Bank AG has increased its stake in Methode Electronics, Inc. by 33%, acquiring an additional 90,558 shares to hold a total of 364,666 shares valued at approximately $2.3 million.
• Methode Electronics reported a significant earnings miss with an EPS of ($0.77), falling short of analysts' expectations of $0.03, despite revenue exceeding estimates.
• The company recently cut its dividend to $0.07 per share, representing an annual yield of 4.2%, following a payout ratio of -15.73%.

Deutsche Bank AG grew its holdings in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 33.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,666 shares of the electronics maker's stock after acquiring an additional 90,558 shares during the quarter. Deutsche Bank AG owned about 1.02% of Methode Electronics worth $2,327,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Methode Electronics by 25.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 475,354 shares of the electronics maker's stock valued at $3,033,000 after acquiring an additional 95,938 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Methode Electronics by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 2,931,118 shares of the electronics maker's stock valued at $18,701,000 after acquiring an additional 85,811 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Methode Electronics by 17.1% during the 1st quarter. GSA Capital Partners LLP now owns 262,105 shares of the electronics maker's stock valued at $1,672,000 after acquiring an additional 38,355 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Methode Electronics by 5.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 71,892 shares of the electronics maker's stock valued at $459,000 after acquiring an additional 3,731 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Methode Electronics by 13.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 166,677 shares of the electronics maker's stock valued at $1,063,000 after acquiring an additional 19,246 shares during the last quarter. Institutional investors own 95.49% of the company's stock.

Methode Electronics Stock Performance

Shares of NYSE MEI opened at $6.68 on Thursday. The company has a current ratio of 2.40, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. The stock's 50-day moving average is $7.79 and its 200 day moving average is $7.73. The stock has a market cap of $235.20 million, a price-to-earnings ratio of -3.75 and a beta of 1.04. Methode Electronics, Inc. has a 1-year low of $5.08 and a 1-year high of $17.45.

Methode Electronics (NYSE:MEI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.80). The company had revenue of $257,100 billion during the quarter, compared to analysts' expectations of $228.75 million. Methode Electronics had a negative return on equity of 5.60% and a negative net margin of 5.97%.During the same period last year, the firm earned ($0.23) earnings per share. Methode Electronics has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Methode Electronics Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Monday, July 21st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, July 21st. Methode Electronics's payout ratio is -15.73%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Methode Electronics from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $10.50.

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.

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