Victory Capital Management Inc. Has $2.21 Million Position in Preformed Line Products (NASDAQ:PLPC)

Victory Capital Management Inc. increased its position in shares of Preformed Line Products (NASDAQ:PLPC) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,293 shares of the technology company’s stock after purchasing an additional 270 shares during the period. Victory Capital Management Inc. owned approximately 0.35% of Preformed Line Products worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Preformed Line Products during the 3rd quarter worth approximately $103,000. SG Americas Securities LLC lifted its holdings in 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 worth $135,000 after purchasing an additional 122 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Preformed Line Products by 13.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company’s stock worth $304,000 after purchasing an additional 274 shares during the last quarter. Quest Partners LLC lifted its holdings in Preformed Line Products by 62.4% during the 3rd quarter. Quest Partners LLC now owns 2,554 shares of the technology company’s stock worth $327,000 after purchasing an additional 981 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Preformed Line Products during the 3rd quarter worth approximately $348,000. 41.19% of the stock is owned by institutional investors and hedge funds.

Preformed Line Products Price Performance

Preformed Line Products stock opened at $150.96 on Tuesday. The stock’s fifty day moving average price is $134.04 and its two-hundred day moving average price is $129.70. Preformed Line Products has a one year low of $109.01 and a one year 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 firm has a market cap of $739.40 million, a PE ratio of 22.67 and a beta of 0.61.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings data on Thursday, March 13th. The technology company reported $2.13 EPS for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The firm had revenue of $167.12 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Preformed Line Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

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.