Cozad Asset Management Inc. Increases Stake in Flex Ltd. (NASDAQ:FLEX)

Cozad Asset Management Inc. boosted its holdings in Flex Ltd. (NASDAQ:FLEX - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,452 shares of the technology company's stock after buying an additional 30,455 shares during the period. Flex accounts for approximately 1.1% of Cozad Asset Management Inc.'s holdings, making the stock its 21st largest holding. Cozad Asset Management Inc. owned approximately 0.07% of Flex worth $9,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC purchased a new stake in Flex during the third quarter valued at about $30,000. CWM LLC grew its holdings in shares of Flex by 92.5% during the 4th quarter. CWM LLC now owns 1,609 shares of the technology company's stock worth $49,000 after purchasing an additional 773 shares during the period. Fifth Third Bancorp increased its position in Flex by 276.6% during the 4th quarter. Fifth Third Bancorp now owns 1,981 shares of the technology company's stock worth $60,000 after purchasing an additional 1,455 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in Flex during the fourth quarter valued at approximately $75,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Flex during the fourth quarter worth approximately $77,000. Hedge funds and other institutional investors own 94.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Flex from $29.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, March 4th. StockNews.com initiated coverage on Flex in a research note on Wednesday, March 6th. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. increased their target price on Flex from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.20.

Insider Activity

In other news, EVP David Scott Offer sold 75,000 shares of Flex stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $27.52, for a total value of $2,064,000.00. Following the completion of the transaction, the executive vice president now owns 162,094 shares in the company, valued at approximately $4,460,826.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Flex news, insider Rebecca Sidelinger sold 13,675 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $27.99, for a total value of $382,763.25. Following the completion of the sale, the insider now directly owns 161,913 shares in the company, valued at $4,531,944.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Scott Offer sold 75,000 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the transaction, the executive vice president now owns 162,094 shares of the company's stock, valued at approximately $4,460,826.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,943 shares of company stock worth $4,055,311. 0.56% of the stock is currently owned by corporate insiders.

Flex Stock Down 1.9 %

FLEX traded down $0.56 during trading hours on Tuesday, reaching $28.65. 5,807,633 shares of the stock traded hands, compared to its average volume of 4,821,829. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.59 and a quick ratio of 0.86. The firm's fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $26.80. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.81 and a beta of 1.20. Flex Ltd. has a fifty-two week low of $19.85 and a fifty-two week high of $30.93.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.10. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.73 billion. Flex had a return on equity of 16.24% and a net margin of 2.56%. As a group, analysts forecast that Flex Ltd. will post 2.16 earnings per share for the current fiscal year.

Flex Company Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.