Diversified Trust Co Has $593,000 Stock Position in Plexus Corp. (NASDAQ:PLXS)

Diversified Trust Co increased its position in Plexus Corp. (NASDAQ:PLXS) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,789 shares of the technology company’s stock after buying an additional 289 shares during the period. Diversified Trust Co’s holdings in Plexus were worth $593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLXS. Quarry LP grew its stake in Plexus by 573.5% in the third quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after acquiring an additional 195 shares during the period. Quest Partners LLC lifted its holdings in shares of Plexus by 36,700.0% in the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after purchasing an additional 367 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Plexus in the 3rd quarter worth $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Plexus in the 3rd quarter valued at $55,000. Finally, Farther Finance Advisors LLC increased its stake in Plexus by 89.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock valued at $63,000 after purchasing an additional 219 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp initiated coverage on shares of Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Stifel Nicolaus lifted their price target on Plexus from $136.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Needham & Company LLC increased their price objective on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Benchmark increased their price target on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.00.

Plexus Stock Performance

PLXS stock opened at $161.20 on Friday. The business has a 50 day moving average of $160.85 and a 200-day moving average of $137.03. The firm has a market cap of $4.37 billion, a PE ratio of 40.20 and a beta of 0.91. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $170.07. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. As a group, sell-side analysts expect that Plexus Corp. will post 6.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Patrick John Jermain sold 5,045 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $143.13, for a total value of $722,090.85. Following the sale, the chief financial officer now directly owns 24,602 shares in the company, valued at approximately $3,521,284.26. The trade was a 17.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Running sold 539 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total transaction of $84,013.93. Following the transaction, the insider now owns 1,030 shares of the company’s stock, valued at $160,546.10. This represents a 34.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,091 shares of company stock valued at $5,377,960. Company insiders own 1.76% of the company’s stock.

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.