Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 4,325 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.56, for a total transaction of $261,922.00. Following the transaction, the vice president now directly owns 8,451 shares in the company, valued at approximately $511,792.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ronnie Darroch also recently made the following trade(s):
- On Friday, February 1st, Ronnie Darroch sold 3,454 shares of Plexus stock. The stock was sold at an average price of $56.44, for a total transaction of $194,943.76.
Shares of Plexus stock opened at $59.27 on Friday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 18.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.88 and a current ratio of 1.83. Plexus Corp. has a 52-week low of $47.63 and a 52-week high of $66.98.
A number of institutional investors have recently made changes to their positions in PLXS. Bank of New York Mellon Corp increased its holdings in Plexus by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 444,853 shares of the technology company’s stock valued at $26,027,000 after buying an additional 2,775 shares during the period. MetLife Investment Advisors LLC increased its holdings in Plexus by 37.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 21,158 shares of the technology company’s stock valued at $1,238,000 after buying an additional 5,736 shares during the period. Legal & General Group Plc increased its holdings in Plexus by 5.4% in the 3rd quarter. Legal & General Group Plc now owns 89,301 shares of the technology company’s stock valued at $5,227,000 after buying an additional 4,587 shares during the period. Vanguard Group Inc. increased its holdings in Plexus by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,366,412 shares of the technology company’s stock valued at $196,968,000 after buying an additional 32,225 shares during the period. Finally, Federated Investors Inc. PA bought a new stake in Plexus in the 3rd quarter valued at $92,000. 96.43% of the stock is currently owned by hedge funds and other institutional investors.
PLXS has been the topic of a number of research reports. BidaskClub lowered shares of Plexus from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research raised shares of Plexus from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, January 16th. Sidoti began coverage on shares of Plexus in a report on Wednesday, March 20th. They issued a “buy” rating and a $78.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of Plexus in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Plexus currently has a consensus rating of “Hold” and an average target price of $70.00.
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Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.
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