Quarry LP Has $31,000 Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Quarry LP lifted its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 573.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229 shares of the technology company’s stock after purchasing an additional 195 shares during the quarter. Quarry LP’s holdings in Plexus were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its position in Plexus by 204.3% during the second quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock worth $16,306,000 after purchasing an additional 106,103 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Plexus by 8.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock worth $111,366,000 after buying an additional 87,574 shares during the period. Assenagon Asset Management S.A. grew its stake in Plexus by 158.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company’s stock valued at $11,289,000 after buying an additional 50,564 shares during the last quarter. Algert Global LLC raised its holdings in Plexus by 1,546.5% in the 3rd quarter. Algert Global LLC now owns 45,790 shares of the technology company’s stock worth $6,260,000 after acquiring an additional 43,009 shares during the period. Finally, Speece Thorson Capital Group Inc. lifted its position in Plexus by 197.1% during the 2nd quarter. Speece Thorson Capital Group Inc. now owns 50,498 shares of the technology company’s stock worth $5,210,000 after acquiring an additional 33,501 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Insider Transactions at Plexus

In related news, CFO Patrick John Jermain sold 5,045 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $143.13, for a total transaction of $722,090.85. Following the completion of the sale, the chief financial officer now owns 24,602 shares in the company, valued at $3,521,284.26. This trade represents a 17.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $165.90, for a total transaction of $497,700.00. Following the transaction, the insider now directly owns 5,605 shares of the company’s stock, valued at $929,869.50. This represents a 34.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,591 shares of company stock valued at $5,143,375. Corporate insiders own 2.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLXS. Needham & Company LLC raised their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. KeyCorp assumed coverage on Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Stifel Nicolaus raised their price objective on shares of Plexus from $136.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Benchmark boosted their target price on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.25.

Plexus Stock Performance

PLXS opened at $168.44 on Friday. The stock’s 50 day simple moving average is $152.27 and its 200-day simple moving average is $129.52. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.56 billion, a PE ratio of 42.00 and a beta of 0.90. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $170.07.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. Sell-side analysts forecast that Plexus Corp. will post 6.14 EPS for the current year.

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.