Sherbrooke Park Advisers LLC Makes New $391,000 Investment in Plexus Corp. (NASDAQ:PLXS)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Plexus Corp. (NASDAQ:PLXS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,498 shares of the technology company’s stock, valued at approximately $391,000.

A number of other institutional investors have also recently made changes to their positions in PLXS. TD Private Client Wealth LLC purchased a new stake in shares of Plexus in the fourth quarter worth approximately $28,000. Aquatic Capital Management LLC raised its holdings in shares of Plexus by 134.0% in the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock worth $37,000 after buying an additional 134 shares during the period. R Squared Ltd purchased a new stake in shares of Plexus in the fourth quarter worth approximately $45,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock worth $121,000 after buying an additional 84 shares during the period. Institutional investors own 94.45% of the company’s stock.

Plexus Trading Up 1.2%

PLXS opened at $134.28 on Friday. The stock’s fifty day moving average is $124.90 and its two-hundred day moving average is $143.02. The company has a market capitalization of $3.64 billion, a P/E ratio of 31.16 and a beta of 0.80. Plexus Corp. has a 52 week low of $100.96 and a 52 week high of $172.89. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.54 by $0.12. The company had revenue of $980.17 million for the quarter, compared to the consensus estimate of $980.07 million. Plexus had a return on equity of 10.36% and a net margin of 3.03%. Plexus’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. Analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PLXS shares. Stifel Nicolaus set a $145.00 price target on Plexus in a report on Thursday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $162.00 price target (down from $172.00) on shares of Plexus in a report on Friday, April 25th. Finally, Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of Plexus in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Insider Activity

In other news, CEO Todd P. Kelsey sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the chief executive officer now owns 87,665 shares of the company’s stock, valued at $12,273,100. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randy J. Martinez sold 887 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total value of $124,641.24. Following the completion of the sale, the director now directly owns 4,831 shares of the company’s stock, valued at $678,852.12. The trade was a 15.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,137 shares of company stock worth $577,916. 1.76% of the stock is currently owned by company insiders.

Plexus 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.