Captrust Financial Advisors Purchases 1,296 Shares of Plexus Corp. (NASDAQ:PLXS)

Captrust Financial Advisors boosted its position in shares of Plexus Corp. (NASDAQ:PLXS) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,086 shares of the technology company’s stock after acquiring an additional 1,296 shares during the period. Captrust Financial Advisors owned 0.08% of Plexus worth $3,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in Plexus by 36,700.0% during the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after buying an additional 367 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 buying an additional 219 shares in the last quarter. Innealta Capital LLC purchased a new stake in Plexus during the 2nd quarter valued at approximately $51,000. Advisors Asset Management Inc. grew its holdings in Plexus by 85.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock valued at $91,000 after buying an additional 305 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Plexus by 190.1% during the 3rd quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $104,000 after buying an additional 498 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Insiders Place Their Bets

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $165.90, for a total transaction of $497,700.00. Following the completion of the sale, the insider now directly owns 5,605 shares in the company, valued at approximately $929,869.50. This trade represents a 34.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick John Jermain sold 5,045 shares of Plexus stock in a transaction on 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 owns 24,602 shares of the company’s stock, valued at approximately $3,521,284.26. This trade represents a 17.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,591 shares of company stock valued at $5,143,375 over the last three months. 2.39% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLXS shares. Needham & Company LLC increased their price objective on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. Benchmark increased their price objective on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. KeyCorp began coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Finally, StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.50.

Plexus Trading Up 0.2 %

PLXS stock opened at $167.52 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The firm has a fifty day moving average price of $148.52 and a 200 day moving average price of $127.34. The firm has a market cap of $4.54 billion, a PE ratio of 41.78 and a beta of 0.90. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $169.56.

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

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.