10,500 Shares of Plexus Corp. $PLXS Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Plexus Corp. (NASDAQ:PLXS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,500 shares of the technology company’s stock, valued at approximately $2,740,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Plexus in the second quarter valued at approximately $32,000. Root Financial Partners LLC purchased a new stake in shares of Plexus during the third quarter valued at approximately $32,000. Kilter Group LLC purchased a new stake in shares of Plexus during the second quarter valued at approximately $40,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Plexus in the third quarter worth approximately $45,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of Plexus in the third quarter worth approximately $49,000. 94.45% of the stock is currently owned by institutional investors.

Plexus Trading Up 3.3%

NASDAQ PLXS opened at $211.92 on Thursday. Plexus Corp. has a fifty-two week low of $132.03 and a fifty-two week high of $307.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 1.43. The stock has a 50 day simple moving average of $240.91 and a two-hundred day simple moving average of $240.51. The stock has a market cap of $5.67 billion, a P/E ratio of 28.56 and a beta of 0.97.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.29. Plexus had a return on equity of 13.34% and a net margin of 4.08%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $2.14 EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts forecast that Plexus Corp. will post 9.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $250.98, for a total value of $376,470.00. Following the completion of the sale, the chief executive officer directly owned 65,888 shares of the company’s stock, valued at approximately $16,536,570.24. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Rapp sold 500 shares of Plexus stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $240.87, for a total transaction of $120,435.00. Following the sale, the director directly owned 7,535 shares in the company, valued at $1,814,955.45. The trade was a 6.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,000 shares of company stock worth $1,219,260. Insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Fox Advisors upgraded shares of Plexus from an “equal weight” rating to an “overweight” rating in a report on Monday, November 2nd. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Sunday, November 1st. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a report on Friday, July 31st. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Plexus in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $276.86.

Plexus Company Profile

Plexus Corp. is a provider of electronics manufacturing services and product realization solutions for companies that develop complex products. Its services span product design and development, engineering, manufacturing, supply chain management, fulfillment, and aftermarket support. The company serves customers in markets including healthcare and life sciences, industrial, and aerospace and defense. Its work supports products that may require specialized engineering, quality controls, and production processes.