Universal Beteiligungs und Servicegesellschaft mbH Takes $1.71 Million Position in Preformed Line Products (NASDAQ:PLPC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Preformed Line Products (NASDAQ:PLPC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,399 shares of the technology company's stock, valued at approximately $1,712,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.27% of Preformed Line Products as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of Preformed Line Products by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company's stock valued at $135,000 after acquiring an additional 122 shares during the period. Wells Fargo & Company MN lifted its stake in Preformed Line Products by 28.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company's stock worth $180,000 after purchasing an additional 314 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Preformed Line Products by 3.6% during the 4th quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock valued at $365,000 after buying an additional 100 shares in the last quarter. Nierenberg Investment Management Company Inc. purchased a new stake in shares of Preformed Line Products during the 4th quarter valued at $582,000. Finally, Pullen Investment Management LLC purchased a new stake in shares of Preformed Line Products during the 4th quarter valued at $605,000. 41.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.

Preformed Line Products Trading Up 1.0%

Preformed Line Products stock traded up $1.37 during trading hours on Friday, reaching $145.34. The stock had a trading volume of 15,947 shares, compared to its average volume of 21,951. The stock has a market cap of $717.97 million, a PE ratio of 21.80 and a beta of 0.75. Preformed Line Products has a 52 week low of $109.01 and a 52 week high of $154.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The company has a fifty day simple moving average of $138.31 and a 200-day simple moving average of $135.89.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $2.33 earnings per share for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The firm had revenue of $148.54 million for the quarter.

Preformed Line Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Tuesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. Preformed Line Products's dividend payout ratio (DPR) is currently 10.14%.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.