Quantbot Technologies LP Purchases New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Quantbot Technologies LP acquired a new position in Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,254 shares of the technology company’s stock, valued at approximately $767,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Littelfuse in the 4th quarter worth approximately $32,865,000. Verition Fund Management LLC bought a new stake in Littelfuse in the third quarter worth $14,480,000. Thrivent Financial for Lutherans grew its stake in shares of Littelfuse by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock worth $74,405,000 after acquiring an additional 37,583 shares during the last quarter. Harvey Partners LLC raised its position in shares of Littelfuse by 39.5% in the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock worth $35,146,000 after purchasing an additional 37,500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Littelfuse by 26.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after purchasing an additional 26,975 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 2.2 %

Shares of Littelfuse stock opened at $211.73 on Thursday. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a twelve month low of $201.97 and a twelve month high of $275.58. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 47.05, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company’s 50 day moving average is $229.70 and its 200 day moving average is $242.08.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the previous year, the business posted $2.02 EPS. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, February 20th. Littelfuse’s payout ratio is currently 62.22%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Robert W. Baird decreased their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.