Boston Partners Sells 562,355 Shares of Belden Inc. (BDC)

Boston Partners cut its holdings in shares of Belden Inc. (NYSE:BDC) by 26.1% in the 1st quarter, HoldingsChannel reports. The fund owned 1,593,627 shares of the industrial products company’s stock after selling 562,355 shares during the period. Boston Partners’ holdings in Belden were worth $85,578,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Belden during the fourth quarter worth about $55,000. Public Employees Retirement System of Ohio increased its position in shares of Belden by 12.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,185 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 244 shares in the last quarter. Howe & Rusling Inc. increased its position in shares of Belden by 28.9% during the fourth quarter. Howe & Rusling Inc. now owns 2,879 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 646 shares in the last quarter. Neuburgh Advisers LLC increased its position in shares of Belden by 12.1% during the fourth quarter. Neuburgh Advisers LLC now owns 3,840 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 416 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in shares of Belden during the fourth quarter worth about $200,000.

Several equities research analysts have recently commented on BDC shares. TheStreet raised shares of Belden from a “c+” rating to a “b-” rating in a research report on Thursday, February 28th. Seaport Global Securities reissued a “buy” rating on shares of Belden in a research report on Friday, February 15th. Canaccord Genuity boosted their target price on shares of Belden from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Zacks Investment Research upgraded shares of Belden from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, SunTrust Banks boosted their price target on shares of Belden to $70.00 and gave the stock a “hold” rating in a report on Thursday, February 21st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $69.18.

Belden stock opened at $61.03 on Friday. Belden Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $76.39. The stock has a market cap of $2.41 billion, a P/E ratio of 10.07 and a beta of 2.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.40 and a current ratio of 1.97.

Belden (NYSE:BDC) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.10. Belden had a net margin of 7.15% and a return on equity of 20.17%. The business had revenue of $587.18 million for the quarter, compared to analysts’ expectations of $577.17 million. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that Belden Inc. will post 5.85 earnings per share for the current year.

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Belden Profile

Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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