5,981 Shares of Plexus Corp. $PLXS Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in Plexus Corp. (NASDAQ:PLXS) during the third quarter, Holdings Channel.com reports. The institutional investor bought 5,981 shares of the technology company’s stock, valued at approximately $1,561,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PLXS. BlackRock Inc. bought a new stake in shares of Plexus during the 2nd quarter valued at about $1,311,631,000. Congress Asset Management Co. increased its position in shares of Plexus by 204.0% in the third quarter. Congress Asset Management Co. now owns 315,396 shares of the technology company’s stock worth $82,303,000 after purchasing an additional 211,663 shares during the last quarter. Bank of America Corp DE purchased a new stake in Plexus in the second quarter valued at approximately $60,281,000. Bank of New York Mellon Corp purchased a new stake in Plexus in the second quarter valued at approximately $55,525,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Plexus in the second quarter valued at approximately $35,755,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PLXS. Needham & Company LLC reiterated a “buy” rating and set a $310.00 target price on shares of Plexus in a research report on Friday, August 14th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Fox Advisors raised shares of Plexus from an “equal weight” rating to an “overweight” rating in a report on Monday, November 2nd. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. One 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $276.86.

Insider Buying and Selling

In related news, CEO Todd Kelsey sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $239.16, for a total value of $358,740.00. Following the completion of the sale, the chief executive officer owned 62,888 shares in the company, valued at $15,040,294.08. The trade was a 2.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $240.87, for a total value of $120,435.00. Following the completion of the sale, the director directly owned 7,535 shares of the company’s stock, valued at approximately $1,814,955.45. This represents a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,000 shares of company stock valued at $1,219,260 in the last 90 days. 1.78% of the stock is currently owned by corporate insiders.

Plexus Trading Up 3.3%

Shares of PLXS stock opened at $211.92 on Thursday. The business has a 50-day moving average price of $240.91 and a two-hundred day moving average price of $240.51. Plexus Corp. has a 12-month low of $132.03 and a 12-month high of $307.06. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.05. The firm 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 announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.55 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.36 billion. Plexus had a return on equity of 13.34% and a net margin of 4.08%. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 EPS. Equities analysts anticipate that Plexus Corp. will post 9.02 EPS for the current fiscal year.

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.