Avior Wealth Management LLC Has $229,000 Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Avior Wealth Management LLC increased its position in Plexus Corp. (NASDAQ:PLXS) by 115.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,118 shares of the technology company’s stock after buying an additional 1,134 shares during the period. Avior Wealth Management LLC’s holdings in Plexus were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Plexus during the 4th quarter valued at about $66,000. Tower Research Capital LLC TRC boosted its stake in Plexus by 680.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 773 shares of the technology company’s stock valued at $75,000 after purchasing an additional 674 shares during the last quarter. UBS Group AG boosted its stake in Plexus by 294.9% during the 3rd quarter. UBS Group AG now owns 924 shares of the technology company’s stock valued at $81,000 after purchasing an additional 690 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Plexus during the 4th quarter valued at about $111,000. Finally, FMR LLC boosted its stake in Plexus by 9.4% during the 3rd quarter. FMR LLC now owns 1,343 shares of the technology company’s stock valued at $125,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PLXS. Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a research report on Tuesday, January 9th. Needham & Company LLC dropped their target price on shares of Plexus from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. TheStreet cut shares of Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Finally, Benchmark reissued a “buy” rating and set a $110.00 target price on shares of Plexus in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Plexus has an average rating of “Moderate Buy” and a consensus price target of $109.67.

Plexus Price Performance

Plexus stock opened at $93.24 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.57 billion, a P/E ratio of 20.77 and a beta of 1.02. The company’s 50 day moving average price is $94.37 and its two-hundred day moving average price is $98.28. Plexus Corp. has a 52 week low of $83.84 and a 52 week high of $114.06.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $982.61 million during the quarter, compared to the consensus estimate of $982.57 million. Plexus had a return on equity of 12.16% and a net margin of 3.08%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS. On average, equities analysts predict that Plexus Corp. will post 4.25 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $94.30, for a total value of $188,600.00. Following the sale, the chief executive officer now owns 121,859 shares of the company’s stock, valued at approximately $11,491,303.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $94.30, for a total value of $188,600.00. Following the completion of the transaction, the chief executive officer now directly owns 121,859 shares in the company, valued at approximately $11,491,303.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 2,500 shares of Plexus stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $94.47, for a total transaction of $236,175.00. Following the completion of the transaction, the chief executive officer now owns 125,310 shares of the company’s stock, valued at $11,838,035.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,453 shares of company stock valued at $3,112,875. 2.39% of the stock is 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.