Quadrant Capital Group LLC Cuts Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Quadrant Capital Group LLC lowered its position in Littelfuse, Inc. (NASDAQ:LFUS) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,039 shares of the technology company’s stock after selling 236 shares during the period. Quadrant Capital Group LLC’s holdings in Littelfuse were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP acquired a new stake in shares of Littelfuse in the 4th quarter valued at approximately $8,838,000. Trexquant Investment LP purchased a new stake in shares of Littelfuse during the 4th quarter worth $3,642,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Littelfuse during the 4th quarter worth $1,036,000. Pictet Asset Management Holding SA lifted its stake in shares of Littelfuse by 13.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,876 shares of the technology company’s stock valued at $913,000 after purchasing an additional 465 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Littelfuse during the fourth quarter worth about $1,175,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LFUS shares. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Stock Down 6.4 %

Shares of NASDAQ:LFUS opened at $149.72 on Wednesday. The company has a market capitalization of $3.70 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.24 and a beta of 1.30. The stock’s fifty day simple moving average is $218.54 and its 200-day simple moving average is $236.86. Littelfuse, Inc. has a 52-week low of $146.29 and a 52-week high of $275.58. 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 (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the firm earned $2.02 earnings per share. As a group, equities research analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

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.