Louisiana State Employees Retirement System maintained its position in Plexus Corp. (NASDAQ:PLXS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,800 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Plexus Corp. were worth $639,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in Plexus Corp. by 0.8% in the first quarter. BlackRock Fund Advisors now owns 2,134,068 shares of the company’s stock valued at $84,338,000 after buying an additional 15,939 shares during the period. Goldman Sachs Group Inc. boosted its position in Plexus Corp. by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,121,440 shares of the company’s stock valued at $44,319,000 after buying an additional 3,292 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Plexus Corp. by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 840,885 shares of the company’s stock valued at $33,232,000 after buying an additional 4,445 shares during the period. State Street Corp boosted its position in Plexus Corp. by 6.3% in the first quarter. State Street Corp now owns 684,887 shares of the company’s stock valued at $27,067,000 after buying an additional 40,685 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Plexus Corp. by 4.1% in the first quarter. Panagora Asset Management Inc. now owns 290,865 shares of the company’s stock valued at $11,495,000 after buying an additional 11,511 shares during the period. 92.97% of the stock is owned by hedge funds and other institutional investors.
Plexus Corp. (NASDAQ:PLXS) traded up 0.09% during midday trading on Friday, reaching $45.50. The company had a trading volume of 97,848 shares. The stock’s 50 day moving average is $46.46 and its 200 day moving average is $44.07. Plexus Corp. has a one year low of $28.72 and a one year high of $47.94. The company has a market capitalization of $1.52 billion, a PE ratio of 19.19 and a beta of 1.14.
Plexus Corp. (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $667.60 million for the quarter, compared to analysts’ expectations of $655.37 million. Plexus Corp. had a return on equity of 9.95% and a net margin of 3.16%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. Equities research analysts forecast that Plexus Corp. will post $2.64 earnings per share for the current fiscal year.
Several equities analysts have commented on PLXS shares. Zacks Investment Research cut Plexus Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. B. Riley reaffirmed a “buy” rating and issued a $50.00 price target on shares of Plexus Corp. in a report on Thursday, June 16th. Finally, Needham & Company LLC set a $52.00 price target on Plexus Corp. and gave the company a “buy” rating in a report on Friday, September 16th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.17.
In related news, insider Ronnie Darroch sold 1,097 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $46.54, for a total transaction of $51,054.38. Following the transaction, the insider now directly owns 722 shares of the company’s stock, valued at approximately $33,601.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dean A. Foate sold 47,943 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $46.22, for a total value of $2,215,925.46. Following the transaction, the chairman now directly owns 204,850 shares in the company, valued at $9,468,167. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
About Plexus Corp.
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus 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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