Connor Clark & Lunn Investment Management Ltd. Has $497,000 Stock Position in Methode Electronics, Inc. $MEI

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Methode Electronics, Inc. (NYSE:MEI) by 98.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,219 shares of the electronics maker’s stock after acquiring an additional 25,872 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of Methode Electronics worth $497,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Methode Electronics by 93.8% during the first quarter. AQR Capital Management LLC now owns 932,833 shares of the electronics maker’s stock worth $5,951,000 after purchasing an additional 451,529 shares during the period. Nuveen LLC acquired a new stake in shares of Methode Electronics during the 1st quarter valued at $2,379,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Methode Electronics by 29.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,553,250 shares of the electronics maker’s stock valued at $9,910,000 after buying an additional 349,890 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Methode Electronics by 105.1% during the 1st quarter. Acadian Asset Management LLC now owns 345,794 shares of the electronics maker’s stock valued at $2,205,000 after acquiring an additional 177,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Methode Electronics by 25.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 475,354 shares of the electronics maker’s stock worth $3,033,000 after acquiring an additional 95,938 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

Methode Electronics Stock Performance

MEI opened at $6.73 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.50. The company has a market cap of $236.91 million, a PE ratio of -4.34 and a beta of 1.13. The stock has a 50-day moving average of $7.32 and a 200-day moving average of $7.58. Methode Electronics, Inc. has a 52-week low of $5.08 and a 52-week high of $17.45.

Methode Electronics (NYSE:MEI) last posted its earnings results on Tuesday, September 9th. The electronics maker reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.18. Methode Electronics had a negative return on equity of 5.27% and a negative net margin of 5.30%.The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $224.57 million. During the same period in the previous year, the company earned ($0.31) EPS. Methode Electronics has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on MEI shares. Wall Street Zen raised Methode Electronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Robert W. Baird lifted their price target on Methode Electronics from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Methode Electronics in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.

Methode Electronics 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.