BNP Paribas Financial Markets Has $1.77 Million Stock Position in Plexus Corp. (NASDAQ:PLXS)

BNP Paribas Financial Markets lifted its position in shares of Plexus Corp. (NASDAQ:PLXS) by 14.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,335 shares of the technology company’s stock after buying an additional 1,455 shares during the quarter. BNP Paribas Financial Markets’ holdings in Plexus were worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC bought a new position in shares of Plexus in the fourth quarter worth $28,000. Aquatic Capital Management LLC increased its position in shares of Plexus by 134.0% in the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock worth $37,000 after purchasing an additional 134 shares during the period. R Squared Ltd bought a new position in shares of Plexus in the fourth quarter worth $45,000. Nomura Asset Management Co. Ltd. increased its position in shares of Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock worth $121,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PLXS. Needham & Company LLC restated a “buy” rating and issued a $162.00 price target (down previously from $172.00) on shares of Plexus in a research report on Friday, April 25th. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of Plexus in a research report on Friday. Finally, Stifel Nicolaus set a $145.00 price target on Plexus in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Plexus presently has an average rating of “Moderate Buy” and a consensus target price of $155.67.

Plexus Stock Performance

Plexus stock opened at $134.28 on Friday. Plexus Corp. has a 12-month low of $100.96 and a 12-month high of $172.89. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $124.90 and its two-hundred day moving average price is $143.02. The stock has a market cap of $3.64 billion, a PE ratio of 31.16 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12. Plexus had a return on equity of 10.36% and a net margin of 3.03%. The firm had revenue of $980.17 million for the quarter, compared to analysts’ expectations of $980.07 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts expect that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Insider Transactions at Plexus

In other news, Director Randy J. Martinez sold 887 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total transaction of $124,641.24. Following the sale, the director now directly owns 4,831 shares in the company, valued at approximately $678,852.12. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the chief executive officer now owns 87,665 shares in the company, valued at approximately $12,273,100. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,137 shares of company stock worth $577,916. Insiders own 1.76% of the company’s stock.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.