SG Americas Securities LLC Boosts Stock Holdings in Preformed Line Products (NASDAQ:PLPC)

SG Americas Securities LLC boosted its stake in shares of Preformed Line Products (NASDAQ:PLPC) by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,050 shares of the technology company’s stock after acquiring an additional 183 shares during the period. SG Americas Securities LLC’s holdings in Preformed Line Products were worth $141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PLPC. Point72 Middle East FZE purchased a new position in shares of Preformed Line Products in the 2nd quarter worth $38,000. Lazard Asset Management LLC purchased a new position in shares of Preformed Line Products in the 1st quarter worth $80,000. Tower Research Capital LLC TRC grew its stake in shares of Preformed Line Products by 127.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 519 shares of the technology company’s stock worth $81,000 after buying an additional 291 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Preformed Line Products by 22.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,412 shares of the technology company’s stock worth $87,000 after buying an additional 257 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Preformed Line Products by 90.6% in the 4th quarter. Barclays PLC now owns 1,191 shares of the technology company’s stock worth $99,000 after buying an additional 566 shares in the last quarter. 41.19% of the stock is owned by hedge funds and other institutional investors.

Preformed Line Products Price Performance

Preformed Line Products stock opened at $123.11 on Wednesday. The firm has a 50-day moving average price of $128.59 and a 200-day moving average price of $131.26. The firm has a market capitalization of $606.93 million, a PE ratio of 9.71 and a beta of 0.74. The company has a current ratio of 2.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.12. Preformed Line Products has a 12-month low of $104.96 and a 12-month high of $184.82.

Preformed Line Products (NASDAQ:PLPC) last issued its earnings results on Thursday, March 7th. The technology company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $145.60 million during the quarter. Preformed Line Products had a net margin of 9.46% and a return on equity of 15.89%.

Preformed Line Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.65%. Preformed Line Products’s dividend payout ratio is currently 6.31%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th.

Preformed Line Products Company Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.