Proficio Capital Partners LLC purchased a new stake in Preformed Line Products (NASDAQ:PLPC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,801 shares of the technology company's stock, valued at approximately $1,764,000. Proficio Capital Partners LLC owned approximately 0.28% of Preformed Line Products at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of PLPC. Summit Global Investments bought a new stake in shares of Preformed Line Products in the third quarter valued at about $345,000. Quest Partners LLC lifted its holdings in shares of Preformed Line Products by 62.4% in the third quarter. Quest Partners LLC now owns 2,554 shares of the technology company's stock valued at $327,000 after purchasing an additional 981 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Preformed Line Products by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 32,574 shares of the technology company's stock valued at $4,172,000 after purchasing an additional 471 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Preformed Line Products in the third quarter valued at about $103,000. Finally, FMR LLC increased its position in shares of Preformed Line Products by 27.7% in the third quarter. FMR LLC now owns 25,091 shares of the technology company's stock valued at $3,214,000 after acquiring an additional 5,442 shares during the last quarter. 41.19% of the stock is currently owned by institutional investors.
Preformed Line Products Stock Down 2.5 %
Shares of NASDAQ:PLPC traded down $3.03 during midday trading on Friday, reaching $120.52. The company had a trading volume of 12,996 shares, compared to its average volume of 24,973. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The business's 50 day moving average price is $133.73 and its 200 day moving average price is $129.24. The stock has a market cap of $590.31 million, a PE ratio of 18.10 and a beta of 0.61. Preformed Line Products has a 1-year low of $109.01 and a 1-year high of $154.90.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Preformed Line Products from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Read Our Latest Research Report on PLPC
Preformed Line Products Profile
(
Free Report)
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.
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