WINTON GROUP Ltd Sells 305 Shares of Plexus Corp. (NASDAQ:PLXS)

WINTON GROUP Ltd reduced its position in shares of Plexus Corp. (NASDAQ:PLXS) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,697 shares of the technology company’s stock after selling 305 shares during the period. WINTON GROUP Ltd’s holdings in Plexus were worth $1,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLXS. TD Private Client Wealth LLC bought a new stake in Plexus during the 4th quarter worth about $28,000. Quarry LP increased its position in shares of 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 last quarter. R Squared Ltd bought a new stake in Plexus during the fourth quarter worth about $45,000. USA Financial Formulas acquired a new position in Plexus during the fourth quarter valued at approximately $56,000. Finally, Point72 DIFC Ltd bought a new position in Plexus in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Down 1.7 %

Shares of Plexus stock opened at $127.76 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The business has a fifty day simple moving average of $136.60 and a two-hundred day simple moving average of $145.71. Plexus Corp. has a 1 year low of $92.72 and a 1 year high of $172.89. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 29.64 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. Research analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Insider Activity

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total value of $234,585.00. Following the transaction, the chief executive officer now directly owns 74,271 shares of the company’s stock, valued at $11,615,241.69. This represents a 1.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Patrick John Jermain sold 3,361 shares of Plexus stock in a transaction on Monday, January 27th. The stock was sold at an average price of $144.57, for a total value of $485,899.77. Following the sale, the chief financial officer now directly owns 20,745 shares of the company’s stock, valued at $2,999,104.65. This represents a 13.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,458 shares of company stock valued at $2,786,515. 1.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Stifel Nicolaus initiated coverage on shares of Plexus in a research note on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price target for the company. Finally, Benchmark restated a “buy” rating and set a $165.00 price objective on shares of Plexus in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Plexus currently has an average rating of “Moderate Buy” and an average price target of $163.00.

Plexus Company 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.