Proficio Capital Partners LLC Purchases New Shares in Preformed Line Products (NASDAQ:PLPC)

Proficio Capital Partners LLC purchased a new position in shares of Preformed Line Products (NASDAQ:PLPC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,801 shares of the technology company's stock, valued at approximately $1,764,000. Proficio Capital Partners LLC owned about 0.28% of Preformed Line Products at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Preformed Line Products by 93.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,119 shares of the technology company's stock worth $1,040,000 after acquiring an additional 3,919 shares during the last quarter. Franklin Resources Inc. grew its position in Preformed Line Products by 21.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,161 shares of the technology company's stock worth $389,000 after acquiring an additional 556 shares during the last quarter. FMR LLC grew its position in Preformed Line Products by 27.7% during the 3rd quarter. FMR LLC now owns 25,091 shares of the technology company's stock worth $3,214,000 after acquiring an additional 5,442 shares during the last quarter. Ingalls & Snyder LLC bought a new position in Preformed Line Products during the 3rd quarter worth approximately $521,000. Finally, Barclays PLC grew its position in Preformed Line Products by 135.6% during the 3rd quarter. Barclays PLC now owns 4,989 shares of the technology company's stock worth $638,000 after acquiring an additional 2,871 shares during the last quarter. 41.19% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com upgraded Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

Preformed Line Products Trading Down 4.5 %

Shares of PLPC stock traded down $6.68 during trading hours on Friday, reaching $141.86. The company's stock had a trading volume of 77,628 shares, compared to its average volume of 16,202. The stock has a market capitalization of $700.93 million, a P/E ratio of 21.30 and a beta of 0.61. Preformed Line Products has a one year low of $109.01 and a one year high of $154.90. The firm's fifty day simple moving average is $135.89 and its 200 day simple moving average is $130.46. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The technology company reported $2.13 earnings per share for the quarter. The firm had revenue of $167.12 million for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Preformed Line Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.56%. Preformed Line Products's dividend payout ratio is currently 10.67%.

Preformed Line Products Company Profile

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.