Plexus Corp. (PLXS) Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 1.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,698 shares of the technology company’s stock after buying an additional 1,175 shares during the quarter. Rhumbline Advisers owned about 0.22% of Plexus worth $4,133,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PLXS. Mutual of America Capital Management LLC grew its holdings in shares of Plexus by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock worth $3,819,000 after purchasing an additional 1,861 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Plexus by 0.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock worth $159,753,000 after purchasing an additional 16,329 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Plexus by 3.8% during the second quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock worth $14,864,000 after purchasing an additional 10,388 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Plexus during the second quarter worth about $5,016,000. Finally, FMR LLC grew its holdings in shares of Plexus by 546.1% during the second quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock worth $58,440,000 after purchasing an additional 939,589 shares in the last quarter. 94.16% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Dean A. Foate sold 33,750 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $61.22, for a total transaction of $2,066,175.00. Following the sale, the chairman now directly owns 303,920 shares of the company’s stock, valued at $18,605,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ronnie Darroch sold 4,513 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $61.10, for a total value of $275,744.30. Following the sale, the vice president now directly owns 9,677 shares in the company, valued at $591,264.70. The disclosure for this sale can be found here. Insiders have sold 205,696 shares of company stock worth $12,706,971 over the last ninety days. 4.30% of the stock is currently owned by insiders.

Shares of Plexus Corp. (NASDAQ:PLXS) opened at $61.19 on Wednesday. Plexus Corp. has a 12 month low of $49.06 and a 12 month high of $64.12. The company has a market capitalization of $2,065.15, a price-to-earnings ratio of 18.98 and a beta of 0.87. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $676.23 million. During the same period in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. equities research analysts anticipate that Plexus Corp. will post 3.41 EPS for the current year.

Several analysts have issued reports on the company. BidaskClub lowered Plexus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. J P Morgan Chase & Co upgraded Plexus from a “neutral” rating to an “overweight” rating and set a $62.00 target price for the company in a report on Monday, August 28th. ValuEngine upgraded Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 price objective on shares of Plexus in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Plexus presently has an average rating of “Hold” and a consensus target price of $57.86.

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About Plexus

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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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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