Teachers Retirement System of The State of Kentucky Has $665,000 Stake in Plexus Corp. (PLXS)

Teachers Retirement System of The State of Kentucky decreased its position in Plexus Corp. (NASDAQ:PLXS) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,300 shares of the company’s stock after selling 2,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Plexus Corp. were worth $665,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Plexus Corp. by 19.9% in the third quarter. US Bancorp DE now owns 35,459 shares of the company’s stock worth $1,659,000 after buying an additional 5,876 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Plexus Corp. by 215.8% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 18,000 shares of the company’s stock worth $842,000 after buying an additional 12,300 shares during the last quarter. Aperio Group LLC increased its stake in shares of Plexus Corp. by 28.0% in the third quarter. Aperio Group LLC now owns 8,020 shares of the company’s stock worth $375,000 after buying an additional 1,753 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Plexus Corp. by 10.0% in the third quarter. First Trust Advisors LP now owns 44,653 shares of the company’s stock worth $2,089,000 after buying an additional 4,053 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Plexus Corp. by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 51,237 shares of the company’s stock worth $2,397,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Institutional Ownership by Quarter for Plexus Corp. (NASDAQ:PLXS)

Shares of Plexus Corp. (NASDAQ:PLXS) opened at 57.20 on Friday. Plexus Corp. has a 1-year low of $37.73 and a 1-year high of $58.74. The stock has a 50 day moving average of $56.55 and a 200-day moving average of $51.55. The firm has a market capitalization of $1.93 billion, a P/E ratio of 21.65 and a beta of 1.00.

Plexus Corp. (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, January 18th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Plexus Corp. had a return on equity of 10.92% and a net margin of 3.50%. The business had revenue of $635 million for the quarter, compared to analysts’ expectations of $633.93 million. During the same period in the previous year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Plexus Corp. will post $3.32 earnings per share for the current year.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, March 21st. Needham & Company LLC reiterated a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of Plexus Corp. in a research note on Saturday, March 11th. B. Riley reiterated a “neutral” rating and set a $50.00 price objective on shares of Plexus Corp. in a research note on Friday, January 13th. Royal Bank of Canada increased their price objective on shares of Plexus Corp. from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 19th. Finally, Longbow Research downgraded shares of Plexus Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, December 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.80.

In related news, Chairman Dean A. Foate sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $54.00, for a total value of $81,000.00. Following the sale, the chairman now directly owns 232,856 shares in the company, valued at approximately $12,574,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Dean A. Foate sold 20,500 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $56.15, for a total value of $1,151,075.00. Following the completion of the sale, the chairman now owns 247,056 shares in the company, valued at $13,872,194.40. The disclosure for this sale can be found here. Insiders sold a total of 177,902 shares of company stock worth $9,716,053 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

About Plexus Corp.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

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