Methode Electronics, Inc. (NYSE:MEI) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Methode Electronics, Inc. (NYSE:MEI) by 295.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,710 shares of the electronics maker’s stock after acquiring an additional 2,025 shares during the period. Nisa Investment Advisors LLC’s holdings in Methode Electronics were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Methode Electronics by 4.5% in the third quarter. Vanguard Group Inc. now owns 4,671,072 shares of the electronics maker’s stock valued at $106,734,000 after buying an additional 201,129 shares in the last quarter. FMR LLC grew its stake in Methode Electronics by 9.1% during the 3rd quarter. FMR LLC now owns 4,372,124 shares of the electronics maker’s stock worth $99,903,000 after purchasing an additional 364,616 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Methode Electronics by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,281,907 shares of the electronics maker’s stock worth $100,128,000 after purchasing an additional 44,042 shares in the last quarter. State Street Corp grew its stake in Methode Electronics by 2.1% during the 3rd quarter. State Street Corp now owns 1,393,355 shares of the electronics maker’s stock worth $51,763,000 after purchasing an additional 29,049 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Methode Electronics by 3.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,084,802 shares of the electronics maker’s stock worth $24,788,000 after purchasing an additional 35,102 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

Methode Electronics Stock Performance

Shares of MEI stock opened at $11.63 on Monday. The stock has a market capitalization of $411.59 million, a PE ratio of -7.09 and a beta of 0.86. Methode Electronics, Inc. has a 52-week low of $11.21 and a 52-week high of $46.58. The stock’s 50-day moving average price is $15.61 and its 200 day moving average price is $20.17. The company has a quick ratio of 1.85, a current ratio of 2.74 and a debt-to-equity ratio of 0.40.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, March 7th. The electronics maker reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.40). The firm had revenue of $259.50 million during the quarter, compared to analyst estimates of $288.50 million. Methode Electronics had a positive return on equity of 0.07% and a negative net margin of 5.09%. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, equities research analysts forecast that Methode Electronics, Inc. will post -0.41 EPS for the current year.

Methode Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Thursday, April 11th. Methode Electronics’s dividend payout ratio is currently -34.15%.

Analysts Set New Price Targets

Several research analysts recently commented on MEI shares. Sidoti reissued a “neutral” rating and set a $17.00 target price on shares of Methode Electronics in a research note on Thursday, March 7th. Jefferies Financial Group started coverage on Methode Electronics in a research note on Tuesday, April 9th. They set a “hold” rating and a $12.00 target price for the company.

Methode Electronics Company 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.