Jane Street Group LLC Has $5.53 Million Stock Holdings in Belden Inc. (NYSE:BDC)

Jane Street Group LLC boosted its stake in Belden Inc. (NYSE:BDC) by 111.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 49,067 shares of the industrial products company’s stock after buying an additional 25,838 shares during the period. Jane Street Group LLC owned approximately 0.12% of Belden worth $5,525,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Belden during the fourth quarter worth approximately $54,167,000. FMR LLC increased its position in Belden by 5.0% during the 4th quarter. FMR LLC now owns 4,710,224 shares of the industrial products company’s stock worth $530,418,000 after buying an additional 223,887 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Belden by 61.2% during the fourth quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company’s stock worth $33,212,000 after buying an additional 111,952 shares in the last quarter. Barclays PLC grew its stake in shares of Belden by 121.4% in the fourth quarter. Barclays PLC now owns 177,397 shares of the industrial products company’s stock valued at $19,977,000 after acquiring an additional 97,265 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in Belden by 169.6% during the fourth quarter. Great Lakes Advisors LLC now owns 146,317 shares of the industrial products company’s stock worth $16,477,000 after acquiring an additional 92,037 shares during the period. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Loop Capital cut their target price on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Benchmark restated a “buy” rating and issued a $120.00 price target on shares of Belden in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Belden presently has a consensus rating of “Buy” and an average target price of $126.20.

Belden Price Performance

Belden stock opened at $106.47 on Friday. The stock has a fifty day moving average of $99.87 and a 200-day moving average of $111.25. The stock has a market capitalization of $4.23 billion, a P/E ratio of 22.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. Belden Inc. has a 52 week low of $83.18 and a 52 week high of $131.82.

Belden (NYSE:BDC) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.12. The firm had revenue of $624.86 million during the quarter, compared to analysts’ expectations of $615.81 million. Belden had a net margin of 8.06% and a return on equity of 21.42%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, sell-side analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Belden’s payout ratio is presently 3.86%.

Insider Activity

In other Belden news, CEO Ashish Chand sold 14,535 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the transaction, the chief executive officer now directly owns 107,129 shares in the company, valued at approximately $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory James Mccray sold 4,200 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the sale, the director now owns 4,199 shares in the company, valued at approximately $441,776.79. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,028 shares of company stock worth $2,314,326. Insiders own 1.48% of the company’s stock.

Belden Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.