UBS Group AG Has $4.68 Million Stock Position in Preformed Line Products Company $PLPC

UBS Group AG raised its position in Preformed Line Products Company (NASDAQ:PLPC) by 199.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,629 shares of the technology company’s stock after acquiring an additional 15,067 shares during the period. UBS Group AG owned about 0.46% of Preformed Line Products worth $4,678,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PLPC. Principal Financial Group Inc. bought a new stake in Preformed Line Products during the 3rd quarter worth approximately $1,365,000. GSA Capital Partners LLP bought a new stake in Preformed Line Products during the 3rd quarter worth approximately $670,000. Riverwater Partners LLC bought a new stake in Preformed Line Products during the 3rd quarter worth approximately $628,000. SG Americas Securities LLC bought a new stake in Preformed Line Products during the 3rd quarter worth approximately $467,000. Finally, Topline Capital Management LLC bought a new stake in Preformed Line Products during the 3rd quarter worth approximately $413,000. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Stock Up 4.9%

NASDAQ:PLPC opened at $357.82 on Friday. The stock’s fifty day moving average price is $311.70 and its two-hundred day moving average price is $260.45. Preformed Line Products Company has a 52-week low of $133.27 and a 52-week high of $371.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 3.01. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 51.48 and a beta of 0.88.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.32. Preformed Line Products had a return on equity of 8.96% and a net margin of 4.92%.The firm had revenue of $176.28 million for the quarter, compared to the consensus estimate of $178.00 million.

Preformed Line Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.84 annualized dividend and a yield of 0.2%. Preformed Line Products’s dividend payout ratio is currently 12.09%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Preformed Line Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings lowered Preformed Line Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Freedom Capital lowered Preformed Line Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Loop Capital set a $275.00 price target on Preformed Line Products in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $275.00.

About Preformed Line Products

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.