LSV Asset Management Sells 6,039 Shares of Preformed Line Products (NASDAQ:PLPC)

LSV Asset Management cut its stake in shares of Preformed Line Products (NASDAQ:PLPC) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,774 shares of the technology company’s stock after selling 6,039 shares during the period. LSV Asset Management owned about 0.93% of Preformed Line Products worth $5,849,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Martingale Asset Management L P increased its holdings in Preformed Line Products by 0.9% in the 4th quarter. Martingale Asset Management L P now owns 9,131 shares of the technology company’s stock worth $1,167,000 after purchasing an additional 80 shares in the last quarter. Private Advisor Group LLC raised its holdings in Preformed Line Products by 3.6% in the 4th quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company’s stock valued at $365,000 after buying an additional 100 shares during the last quarter. SG Americas Securities LLC boosted its position in Preformed Line Products by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company’s stock worth $135,000 after buying an additional 122 shares during the period. Invesco Ltd. grew its holdings in Preformed Line Products by 0.4% during the 4th quarter. Invesco Ltd. now owns 41,204 shares of the technology company’s stock worth $5,265,000 after acquiring an additional 172 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Preformed Line Products by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company’s stock valued at $4,186,000 after acquiring an additional 186 shares during the last quarter. 41.19% of the stock is currently owned by institutional investors.

Preformed Line Products Trading Up 2.4 %

Shares of PLPC stock opened at $140.07 on Monday. Preformed Line Products has a 1-year low of $109.01 and a 1-year high of $154.90. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. The stock has a market cap of $692.09 million, a price-to-earnings ratio of 21.03 and a beta of 0.65. The stock has a 50-day moving average of $137.54 and a 200-day moving average of $132.99.

Preformed Line Products (NASDAQ:PLPC) last released its earnings results on Thursday, March 13th. The technology company reported $2.13 earnings per share for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The business had revenue of $167.12 million during the quarter.

Preformed Line Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.57%. Preformed Line Products’s dividend payout ratio (DPR) is currently 10.67%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.