Plexus Corp. (PLXS) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its holdings in Plexus Corp. (NASDAQ:PLXS) by 43.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 28,283 shares of the technology company’s stock after selling 21,315 shares during the quarter. AQR Capital Management LLC’s holdings in Plexus were worth $1,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Plexus during the 2nd quarter valued at about $205,000. Jane Street Group LLC bought a new stake in shares of Plexus during the 2nd quarter valued at about $214,000. Jefferies Group LLC bought a new stake in shares of Plexus during the 3rd quarter valued at about $216,000. Paloma Partners Management Co bought a new position in shares of Plexus during the 2nd quarter valued at approximately $270,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Plexus by 14.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 19,411 shares of the technology company’s stock valued at $1,136,000 after acquiring an additional 2,436 shares during the period. Institutional investors own 97.57% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research reiterated a “hold” rating on shares of Plexus in a research note on Wednesday, November 14th. BidaskClub upgraded Plexus from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Finally, ValuEngine downgraded Plexus from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.67.

In related news, Director Ralf R. Boer sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $60.50, for a total value of $151,250.00. Following the transaction, the director now directly owns 26,790 shares of the company’s stock, valued at approximately $1,620,795. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $60.46, for a total value of $302,300.00. Following the completion of the transaction, the chief executive officer now directly owns 72,031 shares in the company, valued at $4,354,994.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,550 shares of company stock worth $2,231,807. 3.90% of the stock is owned by insiders.

NASDAQ PLXS opened at $54.57 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.97. Plexus Corp. has a 12 month low of $47.63 and a 12 month high of $66.49. The company has a market capitalization of $1.65 billion, a P/E ratio of 16.89 and a beta of 0.77.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 16th. The technology company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. Plexus had a return on equity of 12.44% and a net margin of 4.52%. The company had revenue of $765.54 million for the quarter, compared to analysts’ expectations of $768.32 million. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Plexus Corp. will post 3.87 earnings per share for the current year.

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About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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