Preformed Line Products (NASDAQ:PLPC) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in Preformed Line Products (NASDAQ:PLPC) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,755 shares of the technology company’s stock after acquiring an additional 125 shares during the period. Private Advisor Group LLC owned about 0.06% of Preformed Line Products worth $353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Koss Olinger Consulting LLC lifted its position in Preformed Line Products by 3.8% in the third quarter. Koss Olinger Consulting LLC now owns 3,726 shares of the technology company’s stock valued at $477,000 after acquiring an additional 138 shares during the last quarter. Cardinal Capital Management lifted its position in Preformed Line Products by 10.8% in the third quarter. Cardinal Capital Management now owns 10,252 shares of the technology company’s stock valued at $1,313,000 after acquiring an additional 997 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Preformed Line Products in the third quarter valued at $119,000. AQR Capital Management LLC raised its holdings in shares of Preformed Line Products by 10.4% in the second quarter. AQR Capital Management LLC now owns 17,936 shares of the technology company’s stock valued at $2,234,000 after buying an additional 1,687 shares during the last quarter. Finally, Apis Capital Advisors LLC purchased a new stake in shares of Preformed Line Products in the second quarter valued at about $573,000. 41.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th.

Preformed Line Products Trading Down 1.2 %

NASDAQ PLPC opened at $123.33 on Wednesday. The stock has a market capitalization of $604.07 million, a P/E ratio of 18.52 and a beta of 0.62. Preformed Line Products has a 52-week low of $109.01 and a 52-week high of $141.66. The firm has a 50-day moving average price of $121.81 and a 200 day moving average price of $124.37. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.54 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 company had revenue of $146.97 million for the quarter.

Preformed Line Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 1st were given a $0.20 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.65%. Preformed Line Products’s dividend payout ratio is presently 12.01%.

Preformed Line Products Profile

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.