Public Employees Retirement System of Ohio Increases Position in Plexus Corp. $PLXS

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Plexus Corp. by 16.0%, owning approximately 18,962 shares valued at $2,566,000 by the end of the most recent quarter.
• Plexus reported earnings per share of $1.90, surpassing the consensus estimate of $1.71, and its quarterly revenue was up 6.0% year-over-year.
• Several institutional investors made significant changes to their positions in Plexus, with 94.45% of the company's stock now owned by institutional investors.

Public Employees Retirement System of Ohio boosted its holdings in Plexus Corp. (NASDAQ:PLXS - Free Report) by 16.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,962 shares of the technology company's stock after purchasing an additional 2,621 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Plexus worth $2,566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Plexus by 15.9% during the second quarter. GAMMA Investing LLC now owns 1,545 shares of the technology company's stock valued at $209,000 after buying an additional 212 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Plexus by 4.7% during the second quarter. Diversified Trust Co now owns 4,051 shares of the technology company's stock valued at $548,000 after buying an additional 183 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Plexus by 70.1% during the second quarter. Assenagon Asset Management S.A. now owns 106,480 shares of the technology company's stock valued at $14,408,000 after buying an additional 43,886 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Plexus during the second quarter valued at approximately $254,000. Finally, Inspire Investing LLC grew its holdings in shares of Plexus by 4.8% during the first quarter. Inspire Investing LLC now owns 2,682 shares of the technology company's stock valued at $344,000 after buying an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Plexus Stock Up 0.7%

PLXS opened at $145.65 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $172.89. The company has a market capitalization of $3.93 billion, a PE ratio of 24.81 and a beta of 0.80. The firm's 50 day simple moving average is $135.03 and its two-hundred day simple moving average is $131.37.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $1.45 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. As a group, equities analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLXS shares. Wall Street Zen downgraded shares of Plexus from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Benchmark increased their price objective on shares of Plexus from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Williams Trading set a $165.00 price objective on shares of Plexus in a research report on Monday, September 22nd. Needham & Company LLC lowered their price objective on shares of Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Finally, Sidoti upgraded shares of Plexus from a "neutral" rating to a "buy" rating and increased their price objective for the company from $135.00 to $150.00 in a research report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Plexus presently has an average rating of "Moderate Buy" and a consensus price target of $155.60.

Insiders Place Their Bets

In other Plexus news, CFO Patrick John Jermain sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $137.71, for a total value of $344,275.00. Following the transaction, the chief financial officer directly owned 20,959 shares in the company, valued at approximately $2,886,263.89. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $134.54, for a total transaction of $201,810.00. Following the completion of the transaction, the chief executive officer owned 70,714 shares in the company, valued at $9,513,861.56. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,356 shares of company stock valued at $1,926,890. 1.76% of the stock is currently owned by corporate 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.

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