23,173 Shares in Plexus Corp. (NASDAQ:PLXS) Acquired by Robeco Institutional Asset Management B.V.

Posted by Defense World Staff on May 5th, 2023

Robeco Institutional Asset Management B.V. purchased a new stake in Plexus Corp. (NASDAQ:PLXS – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,173 shares of the technology company’s stock, valued at approximately $2,385,000. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Plexus as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Credit Agricole S A acquired a new stake in shares of Plexus during the third quarter worth $25,000. BDO Wealth Advisors LLC acquired a new stake in Plexus during the 3rd quarter worth about $27,000. Ronald Blue Trust Inc. lifted its stake in Plexus by 292.8% during the third quarter. Ronald Blue Trust Inc. now owns 436 shares of the technology company’s stock valued at $34,000 after buying an additional 325 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Plexus in the third quarter worth about $74,000. Finally, UBS Group AG increased its position in shares of Plexus by 294.9% in the third quarter. UBS Group AG now owns 924 shares of the technology company’s stock worth $81,000 after acquiring an additional 690 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Plexus Trading Down 2.7 %

NASDAQ PLXS opened at $84.72 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. Plexus Corp. has a 1-year low of $74.53 and a 1-year high of $115.36. The firm’s fifty day simple moving average is $93.84 and its 200-day simple moving average is $100.10. The company has a market capitalization of $2.34 billion, a PE ratio of 14.00 and a beta of 1.11.

Plexus (NASDAQ:PLXS – Get Rating) last issued its earnings results on Wednesday, April 26th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.29. Plexus had a return on equity of 15.24% and a net margin of 4.00%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.95 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Plexus Corp. will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Plexus news, EVP Ronnie Darroch sold 4,424 shares of Plexus stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $89.12, for a total value of $394,266.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLXS has been the subject of a number of recent analyst reports. StockNews.com started coverage on shares of Plexus in a research note on Thursday, March 16th. They issued a “hold” rating for the company. JPMorgan Chase & Co. lowered their price target on Plexus from $90.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, January 27th. Needham & Company LLC dropped their price target on Plexus from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. Finally, Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Plexus Profile

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Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense market sectors.

Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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