Associated Banc Corp Trims Position in Plexus Corp. (PLXS)
Associated Banc Corp lessened its position in shares of Plexus Corp. (NASDAQ:PLXS) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,788 shares of the technology company’s stock after selling 1,662 shares during the quarter. Associated Banc Corp’s holdings in Plexus were worth $549,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its holdings in Plexus by 69.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $124,000 after buying an additional 966 shares during the last quarter. Appleton Group LLC acquired a new stake in Plexus during the third quarter worth approximately $201,000. Neuberger Berman Group LLC boosted its position in Plexus by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after acquiring an additional 31 shares during the last quarter. Amalgamated Bank boosted its position in Plexus by 1.4% during the second quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock worth $241,000 after acquiring an additional 65 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Plexus during the second quarter worth approximately $263,000. Institutional investors own 94.18% of the company’s stock.
In related news, insider Yong Jin Lim sold 10,000 shares of Plexus stock in a transaction on Monday, November 27th. The shares were sold at an average price of $63.07, for a total transaction of $630,700.00. Following the sale, the insider now owns 58,890 shares of the company’s stock, valued at approximately $3,714,192.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dean A. Foate sold 1,000 shares of Plexus stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.38, for a total transaction of $60,380.00. Following the sale, the chairman now directly owns 288,920 shares in the company, valued at approximately $17,444,989.60. The disclosure for this sale can be found here. In the last three months, insiders sold 205,696 shares of company stock worth $12,706,971. Insiders own 4.30% of the company’s stock.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Citigroup lifted their price target on shares of Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co lowered shares of Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Tuesday, October 10th. ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, BidaskClub lowered shares of Plexus from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.86.
Shares of Plexus Corp. (NASDAQ:PLXS) traded down $0.42 during mid-day trading on Friday, hitting $62.51. 179,000 shares of the stock were exchanged, compared to its average volume of 173,807. Plexus Corp. has a fifty-two week low of $49.06 and a fifty-two week high of $64.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a market cap of $2,137.02, a P/E ratio of 19.64 and a beta of 0.90.
Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Plexus had a net margin of 4.43% and a return on equity of 11.48%. The business had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Associated Banc Corp Trims Position in Plexus Corp. (PLXS)” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/12/01/associated-banc-corp-trims-position-in-plexus-corp-plxs-2.html.
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.
Receive News & Ratings for Plexus Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus Corp. and related companies with MarketBeat.com's FREE daily email newsletter.