UBS Asset Management Americas Inc. Acquires 379 Shares of Littelfuse Inc. (LFUS)
UBS Asset Management Americas Inc. raised its stake in Littelfuse Inc. (NASDAQ:LFUS) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 14,142 shares of the company’s stock after buying an additional 379 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Littelfuse worth $1,671,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in Littelfuse during the first quarter valued at about $119,000. BlackRock Inc. raised its stake in Littelfuse by 108.1% in the first quarter. BlackRock Inc. now owns 1,617 shares of the company’s stock valued at $199,000 after buying an additional 840 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in Littelfuse by 610.0% in the second quarter. Weatherly Asset Management L. P. now owns 14,200 shares of the company’s stock valued at $234,000 after buying an additional 12,200 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Littelfuse during the first quarter valued at about $254,000. Finally, First Midwest Bank Trust Division purchased a new stake in Littelfuse during the second quarter valued at about $265,000. 98.34% of the stock is currently owned by institutional investors.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded down 0.69% during mid-day trading on Wednesday, reaching $125.16. 12,834 shares of the company’s stock were exchanged. The firm has a market cap of $2.81 billion, a P/E ratio of 35.28 and a beta of 1.29. The company has a 50 day moving average price of $126.42 and a 200 day moving average price of $119.92. Littelfuse Inc. has a 52-week low of $90.61 and a 52-week high of $130.79.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Thursday, August 4th. The company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Littelfuse had a net margin of 8.66% and a return on equity of 17.48%. The firm earned $271.90 million during the quarter, compared to analysts’ expectations of $271.13 million. During the same period last year, the company posted $1.33 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts forecast that Littelfuse Inc. will post $5.52 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. Oppenheimer Holdings Inc. increased their price target on shares of Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Thursday, July 7th. Finally, Robert W. Baird increased their price target on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th.
In related news, VP Deepak Nayar sold 4,237 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $126.67, for a total value of $536,700.79. Following the completion of the transaction, the vice president now directly owns 10,137 shares in the company, valued at approximately $1,284,053.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David W. Heinzmann sold 9,400 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $127.00, for a total transaction of $1,193,800.00. Following the completion of the transaction, the chief operating officer now owns 28,960 shares of the company’s stock, valued at $3,677,920. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse Inc. (NASDAQ:LFUS).
Receive News & Ratings for Littelfuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.