Vanguard Group Inc. Has $4 Million Holdings in Preformed Line Products Company (PLPC)

Vanguard Group Inc. raised its stake in Preformed Line Products Company (NASDAQ:PLPC) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,179 shares of the technology company’s stock after purchasing an additional 1,796 shares during the period. Vanguard Group Inc. owned about 1.68% of Preformed Line Products worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PLPC. Schwab Charles Investment Management Inc. raised its position in Preformed Line Products by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,219 shares of the technology company’s stock valued at $475,000 after purchasing an additional 57 shares in the last quarter. Rhumbline Advisers raised its position in Preformed Line Products by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock valued at $220,000 after purchasing an additional 45 shares in the last quarter. SG Americas Securities LLC raised its position in Preformed Line Products by 71.4% in the 2nd quarter. SG Americas Securities LLC now owns 6,644 shares of the technology company’s stock valued at $308,000 after purchasing an additional 2,768 shares in the last quarter. Bank of New York Mellon Corp raised its position in Preformed Line Products by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,676 shares of the technology company’s stock valued at $1,285,000 after purchasing an additional 569 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Preformed Line Products by 28.4% in the 2nd quarter. Teachers Advisors LLC now owns 4,849 shares of the technology company’s stock valued at $225,000 after purchasing an additional 1,073 shares in the last quarter. 44.88% of the stock is currently owned by institutional investors.

Separately, TheStreet upgraded Preformed Line Products from a “c+” rating to a “b-” rating in a report on Monday, August 21st.

Preformed Line Products Company (NASDAQ PLPC) opened at $79.96 on Friday. Preformed Line Products Company has a 1-year low of $44.50 and a 1-year high of $85.63. The company has a market capitalization of $425.08, a PE ratio of 25.07 and a beta of 1.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.15 and a quick ratio of 2.00.

Preformed Line Products (NASDAQ:PLPC) last released its quarterly earnings data on Friday, November 3rd. The technology company reported $1.23 EPS for the quarter. Preformed Line Products had a return on equity of 7.30% and a net margin of 4.64%. The business had revenue of $99.24 million for the quarter.

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Preformed Line Products Company Profile

Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.

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Institutional Ownership by Quarter for Preformed Line Products (NASDAQ:PLPC)

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