Plexus Corp. (PLXS) VP Sells $75,825.00 in Stock
Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 1,250 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $60.66, for a total transaction of $75,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ronnie Darroch also recently made the following trade(s):
- On Tuesday, February 20th, Ronnie Darroch sold 1,679 shares of Plexus stock. The shares were sold at an average price of $60.35, for a total transaction of $101,327.65.
- On Monday, February 5th, Ronnie Darroch sold 5,900 shares of Plexus stock. The shares were sold at an average price of $59.03, for a total transaction of $348,277.00.
Shares of Plexus Corp. (NASDAQ:PLXS) traded up $0.28 during mid-day trading on Monday, hitting $61.71. 108,513 shares of the stock traded hands, compared to its average volume of 166,958. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.08 and a current ratio of 1.90. Plexus Corp. has a 52-week low of $49.06 and a 52-week high of $66.78. The firm has a market cap of $2,069.53, a price-to-earnings ratio of -120.35 and a beta of 0.83.
Plexus declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 20th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
PLXS has been the subject of several analyst reports. TheStreet cut shares of Plexus from an “a-” rating to a “c+” rating in a research note on Wednesday, January 17th. BidaskClub cut shares of Plexus from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Longbow Research raised shares of Plexus from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Finally, ValuEngine raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.17.
Several hedge funds have recently modified their holdings of PLXS. Franklin Resources Inc. lifted its holdings in shares of Plexus by 67.3% in the 4th quarter. Franklin Resources Inc. now owns 1,192,000 shares of the technology company’s stock worth $72,378,000 after acquiring an additional 479,300 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Plexus by 99.7% in the 4th quarter. Thrivent Financial For Lutherans now owns 287,611 shares of the technology company’s stock worth $17,464,000 after acquiring an additional 143,561 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Plexus by 2.6% in the 4th quarter. BlackRock Inc. now owns 4,313,584 shares of the technology company’s stock worth $261,921,000 after acquiring an additional 107,433 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Plexus by 10.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 581,975 shares of the technology company’s stock worth $35,338,000 after buying an additional 56,425 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Plexus by 60.6% during the 4th quarter. Deutsche Bank AG now owns 138,411 shares of the technology company’s stock worth $8,401,000 after buying an additional 52,209 shares in the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.
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Plexus 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.
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