Allegis Investment Advisors LLC Purchases New Stake in Littelfuse, Inc. (LFUS)
Allegis Investment Advisors LLC purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,621 shares of the technology company’s stock, valued at approximately $518,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Suntrust Banks Inc. lifted its position in Littelfuse by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock valued at $409,000 after acquiring an additional 26 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Littelfuse by 2.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock valued at $354,000 after acquiring an additional 42 shares in the last quarter. Advisor Group Inc. lifted its position in Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after acquiring an additional 54 shares in the last quarter. Citigroup Inc. lifted its position in Littelfuse by 5.0% in the 2nd quarter. Citigroup Inc. now owns 1,457 shares of the technology company’s stock valued at $241,000 after acquiring an additional 70 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Littelfuse by 4.4% in the 2nd quarter. Stifel Financial Corp now owns 2,412 shares of the technology company’s stock valued at $398,000 after acquiring an additional 102 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.
LFUS has been the topic of several research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $202.00 price objective on shares of Littelfuse in a research report on Thursday, October 12th. UBS Group lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Oppenheimer lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. CIBC reiterated a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. Finally, Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $211.25.
Shares of Littelfuse, Inc. (LFUS) opened at $194.38 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.52 and a quick ratio of 2.90. Littelfuse, Inc. has a 52 week low of $149.81 and a 52 week high of $226.33. The stock has a market cap of $4,758.54, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.13. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. The firm had revenue of $304.85 million for the quarter, compared to analyst estimates of $299.88 million. During the same period in the previous year, the business earned $1.57 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Littelfuse, Inc. will post 8.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be paid a $0.37 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $1.48 annualized dividend and a yield of 0.76%. Littelfuse’s payout ratio is currently 28.52%.
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Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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