State Board of Administration of Florida Retirement System Sells 684 Shares of Plexus Corp. (PLXS)
State Board of Administration of Florida Retirement System decreased its position in Plexus Corp. (NASDAQ:PLXS) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,016 shares of the company’s stock after selling 684 shares during the period. State Board of Administration of Florida Retirement System owned about 0.07% of Plexus Corp. worth $1,081,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PLXS. 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 worth $44,319,000 after buying an additional 3,292 shares during the last quarter. 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 worth $27,067,000 after buying an additional 40,685 shares during the last quarter. Zebra Capital Management LLC boosted its position in Plexus Corp. by 16.2% in the first quarter. Zebra Capital Management LLC now owns 19,293 shares of the company’s stock worth $762,000 after buying an additional 2,683 shares during the last quarter. Kempen Capital Management N.V. boosted its position in Plexus Corp. by 64.6% in the first quarter. Kempen Capital Management N.V. now owns 3,509 shares of the company’s stock worth $139,000 after buying an additional 1,377 shares during the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new position in Plexus Corp. during the first quarter worth approximately $326,000. 92.97% of the stock is currently owned by institutional investors and hedge funds.
Plexus Corp. (NASDAQ:PLXS) traded down 1.13% during mid-day trading on Friday, reaching $47.18. 124,541 shares of the company traded hands. The company has a market capitalization of $1.58 billion, a P/E ratio of 19.90 and a beta of 1.23. The stock has a 50 day moving average price of $46.33 and a 200-day moving average price of $43.12. Plexus Corp. has a 52-week low of $28.72 and a 52-week high of $47.94.
Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Plexus Corp. had a return on equity of 9.95% and a net margin of 3.16%. The firm had revenue of $667.60 million for the quarter, compared to the consensus estimate of $655.37 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.64 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. B. Riley reissued a “neutral” rating and set a $50.00 target price on shares of Plexus Corp. in a research report on Sunday, August 14th. Needham & Company LLC set a $52.00 target price on shares of Plexus Corp. and gave the stock a “buy” rating in a research report on Friday, September 16th. Zacks Investment Research cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $46.00 target price on shares of Plexus Corp. in a research report on Friday, June 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.17.
In other Plexus Corp. news, insider Ronnie Darroch sold 1,097 shares of the 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 owns 722 shares in the company, valued at $33,601.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Todd P. Kelsey sold 2,000 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $45.78, for a total value of $91,560.00. Following the transaction, the vice president now owns 44,162 shares in the company, valued at approximately $2,021,736.36. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.
Plexus Corp. Company Profile
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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