Barclays PLC Has $638,000 Stock Position in Preformed Line Products (NASDAQ:PLPC)

Barclays PLC lifted its position in shares of Preformed Line Products (NASDAQ:PLPC - Free Report) by 135.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,989 shares of the technology company's stock after purchasing an additional 2,871 shares during the quarter. Barclays PLC owned approximately 0.10% of Preformed Line Products worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PLPC. Renaissance Technologies LLC raised its position in Preformed Line Products by 0.3% in the second quarter. Renaissance Technologies LLC now owns 66,600 shares of the technology company's stock worth $8,294,000 after purchasing an additional 200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Preformed Line Products by 1.5% in the 3rd 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 during the period. FMR LLC raised its holdings in shares of Preformed Line Products by 27.7% in the 3rd quarter. FMR LLC now owns 25,091 shares of the technology company's stock worth $3,214,000 after buying an additional 5,442 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Preformed Line Products by 10.4% in the 2nd quarter. AQR Capital Management LLC now owns 17,936 shares of the technology company's stock worth $2,234,000 after buying an additional 1,687 shares in the last quarter. Finally, Cardinal Capital Management lifted its position in shares of Preformed Line Products by 10.8% during the 3rd quarter. Cardinal Capital Management now owns 10,252 shares of the technology company's stock worth $1,313,000 after buying an additional 997 shares during the period. 41.19% of the stock is currently owned by institutional investors.

Preformed Line Products Price Performance

Shares of PLPC traded down $0.17 during trading hours on Friday, hitting $125.90. The stock had a trading volume of 5,068 shares, compared to its average volume of 7,315. The stock has a market capitalization of $616.91 million, a price-to-earnings ratio of 18.90 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The company's fifty day moving average is $131.53 and its two-hundred day moving average is $125.67. Preformed Line Products has a 52 week low of $109.01 and a 52 week high of $145.28.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. The firm had revenue of $146.97 million for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%.

Preformed Line Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a yield of 0.64%. Preformed Line Products's dividend payout ratio (DPR) is presently 12.01%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 19th.

Preformed Line Products 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.