Plexus Corp. (PLXS) Shares Bought by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. grew its position in Plexus Corp. (NASDAQ:PLXS) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,085 shares of the technology company’s stock after buying an additional 4,820 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.20% of Plexus Corp. worth $3,762,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in PLXS. FMR LLC increased its position in shares of Plexus Corp. by 546.1% in the second quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after buying an additional 939,589 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Plexus Corp. in the second quarter valued at $12,449,000. Dimensional Fund Advisors LP increased its position in shares of Plexus Corp. by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,817,137 shares of the technology company’s stock valued at $148,098,000 after buying an additional 155,417 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Plexus Corp. by 24.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 525,550 shares of the technology company’s stock valued at $29,473,000 after buying an additional 102,575 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Plexus Corp. in the second quarter valued at $5,016,000. Institutional investors and hedge funds own 93.75% of the company’s stock.
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In other news, Chairman Dean A. Foate sold 16,925 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $61.22, for a total value of $1,036,148.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ronnie Darroch sold 4,513 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $61.10, for a total value of $275,744.30. Following the completion of the transaction, the vice president now owns 9,677 shares in the company, valued at $591,264.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,946 shares of company stock worth $8,997,687. Company insiders own 4.30% of the company’s stock.
A number of research analysts have recently weighed in on PLXS shares. Zacks Investment Research cut Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub lowered Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. J P Morgan Chase & Co raised Plexus Corp. from a “neutral” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research note on Monday, August 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price objective on shares of Plexus Corp. in a research note on Tuesday, September 12th. Finally, ValuEngine raised Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $57.86.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at $62.95 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. Plexus Corp. has a 52 week low of $49.06 and a 52 week high of $63.50. The stock has a market capitalization of $2,098.06, a PE ratio of 19.28 and a beta of 0.90.
Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. Plexus Corp. had a return on equity of 11.48% and a net margin of 4.43%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. equities analysts predict that Plexus Corp. will post 3.41 earnings per share for the current year.
Plexus Corp. Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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