Quadrant Capital Group LLC boosted its position in shares of Plexus Corp. (NASDAQ:PLXS) by 1,548.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 989 shares of the technology company’s stock after purchasing an additional 929 shares during the period. Quadrant Capital Group LLC’s holdings in Plexus were worth $59,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of Plexus by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 444,853 shares of the technology company’s stock worth $26,027,000 after buying an additional 2,775 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Plexus by 5.4% in the 3rd quarter. Legal & General Group Plc now owns 89,301 shares of the technology company’s stock worth $5,227,000 after buying an additional 4,587 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Plexus by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,366,412 shares of the technology company’s stock worth $196,968,000 after buying an additional 32,225 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Plexus by 0.5% in the 3rd quarter. Teachers Advisors LLC now owns 94,316 shares of the technology company’s stock worth $5,518,000 after buying an additional 443 shares during the last quarter. Finally, Profit Investment Management LLC boosted its stake in shares of Plexus by 27.4% in the 4th quarter. Profit Investment Management LLC now owns 42,319 shares of the technology company’s stock worth $2,162,000 after buying an additional 9,112 shares during the last quarter. Institutional investors own 96.37% of the company’s stock.
In related news, CFO Patrick John Jermain sold 4,475 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $60.41, for a total value of $270,334.75. Following the transaction, the chief financial officer now owns 33,611 shares in the company, valued at $2,030,440.51. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ronnie Darroch sold 4,325 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.56, for a total value of $261,922.00. Following the completion of the transaction, the vice president now owns 8,451 shares in the company, valued at approximately $511,792.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,493 shares of company stock worth $5,895,704. 3.90% of the stock is owned by company insiders.
Plexus stock opened at $58.55 on Friday. Plexus Corp. has a 12 month low of $47.63 and a 12 month high of $66.98. The company has a current ratio of 1.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.77 billion, a P/E ratio of 17.04 and a beta of 0.75.
Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 17th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.05). Plexus had a net margin of 4.79% and a return on equity of 12.52%. The firm had revenue of $789.10 million during the quarter, compared to analysts’ expectations of $779.03 million. During the same quarter in the previous year, the company posted $0.74 EPS. Plexus’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts predict that Plexus Corp. will post 3.46 earnings per share for the current year.
PLXS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Plexus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub downgraded Plexus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of Plexus in a research note on Tuesday, April 23rd. Finally, Sidoti initiated coverage on Plexus in a research note on Wednesday, March 20th. They issued a “buy” rating and a $78.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $70.00.
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Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.
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