O Shaughnessy Asset Management LLC acquired a new position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,882 shares of the technology company's stock, valued at approximately $451,000.
Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in Plexus by 1,875.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company's stock valued at $21,511,000 after acquiring an additional 130,506 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Plexus by 17.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,811 shares of the technology company's stock worth $596,000 after purchasing an additional 559 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Plexus during the fourth quarter valued at approximately $339,000. Finally, Norges Bank bought a new stake in Plexus during the fourth quarter worth $14,246,000. 94.45% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on PLXS shares. Needham & Company LLC lifted their price objective on shares of Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $165.00 price target on shares of Plexus in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus initiated coverage on shares of Plexus in a research report on Tuesday, February 4th. They issued a "hold" rating and a $152.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Plexus currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.
View Our Latest Stock Analysis on PLXS
Plexus Stock Performance
Shares of NASDAQ PLXS traded down $1.73 during mid-day trading on Wednesday, reaching $120.46. 6,981 shares of the company's stock were exchanged, compared to its average volume of 163,802. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 27.95 and a beta of 0.83. The firm has a 50-day moving average price of $128.31 and a two-hundred day moving average price of $144.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. Plexus Corp. has a 52 week low of $92.72 and a 52 week high of $172.89.
Plexus (NASDAQ:PLXS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. Analysts predict that Plexus Corp. will post 5.9 EPS for the current year.
Insiders Place Their Bets
In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the chief executive officer now owns 87,665 shares of the company's stock, valued at $12,273,100. The trade was a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Running sold 1,250 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $138.62, for a total value of $173,275.00. Following the sale, the insider now owns 1,276 shares in the company, valued at approximately $176,879.12. This represents a 49.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,958 shares of company stock valued at $2,551,930 over the last ninety days. 1.76% of the stock is currently owned by insiders.
About Plexus
(
Free Report)
Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
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