Plexus Corp. (PLXS) Shares Bought by State Street Corp

State Street Corp increased its position in shares of Plexus Corp. (NASDAQ:PLXS) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 817,047 shares of the company’s stock after buying an additional 68,072 shares during the period. State Street Corp’s holdings in Plexus Corp. were worth $44,154,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Plexus Corp. by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 860,324 shares of the company’s stock worth $40,246,000 after buying an additional 16,094 shares during the last quarter. Strs Ohio increased its stake in shares of Plexus Corp. by 10.4% in the third quarter. Strs Ohio now owns 132,400 shares of the company’s stock worth $6,193,000 after buying an additional 12,500 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Plexus Corp. by 8.4% in the third quarter. BlackRock Fund Advisors now owns 2,381,760 shares of the company’s stock worth $111,419,000 after buying an additional 184,109 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Plexus Corp. by 9.8% in the fourth quarter. Bessemer Group Inc. now owns 41,500 shares of the company’s stock worth $2,242,000 after buying an additional 3,700 shares during the last quarter. Finally, BlackRock Investment Management LLC increased its stake in shares of Plexus Corp. by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 161,196 shares of the company’s stock worth $7,541,000 after buying an additional 871 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Plexus Corp. (NASDAQ:PLXS)

Plexus Corp. (NASDAQ:PLXS) opened at 57.33 on Tuesday. The company has a 50 day moving average of $56.13 and a 200-day moving average of $51.20. The stock has a market cap of $1.93 billion, a P/E ratio of 21.70 and a beta of 1.00. Plexus Corp. has a 12-month low of $37.61 and a 12-month high of $58.74.

Plexus Corp. (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 18th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The firm earned $635 million during the quarter, compared to analyst estimates of $633.93 million. Plexus Corp. had a net margin of 3.50% and a return on equity of 10.92%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities analysts forecast that Plexus Corp. will post $3.32 earnings per share for the current year.

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A number of analysts have recently issued reports on PLXS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $63.00 price target (up previously from $60.00) on shares of Plexus Corp. in a report on Saturday, March 11th. Zacks Investment Research downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Monday, January 23rd. Longbow Research downgraded shares of Plexus Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, December 15th. Royal Bank of Canada raised their price target on shares of Plexus Corp. from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Thursday, January 19th. Finally, B. Riley reaffirmed a “neutral” rating and set a $50.00 price target on shares of Plexus Corp. in a report on Wednesday, January 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $56.00.

In other news, VP Steven J. Frisch sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $53.93, for a total transaction of $215,720.00. Following the completion of the sale, the vice president now directly owns 18,734 shares of the company’s stock, valued at $1,010,324.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 11,600 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $53.51, for a total transaction of $620,716.00. Following the sale, the chief executive officer now directly owns 56,162 shares of the company’s stock, valued at $3,005,228.62. The disclosure for this sale can be found here. Insiders have sold 177,902 shares of company stock valued at $9,716,053 over the last three months. Insiders own 4.30% of the company’s stock.

Plexus Corp. Company 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.

5 Day Chart for NASDAQ:PLXS

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