SG Americas Securities LLC Buys 183 Shares of Preformed Line Products (NASDAQ:PLPC)

SG Americas Securities LLC lifted its stake in shares of Preformed Line Products (NASDAQ:PLPC) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,050 shares of the technology company’s stock after acquiring an additional 183 shares during the quarter. SG Americas Securities LLC’s holdings in Preformed Line Products were worth $141,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Preformed Line Products by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 363,157 shares of the technology company’s stock valued at $46,499,000 after purchasing an additional 4,135 shares during the period. BlackRock Inc. boosted its stake in Preformed Line Products by 6.8% during the 2nd quarter. BlackRock Inc. now owns 172,184 shares of the technology company’s stock valued at $26,878,000 after purchasing an additional 11,002 shares during the period. Invesco Ltd. boosted its stake in Preformed Line Products by 215.5% during the 3rd quarter. Invesco Ltd. now owns 68,311 shares of the technology company’s stock valued at $11,106,000 after purchasing an additional 46,656 shares during the period. Renaissance Technologies LLC boosted its stake in Preformed Line Products by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 64,000 shares of the technology company’s stock valued at $8,195,000 after purchasing an additional 1,400 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Preformed Line Products by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 59,825 shares of the technology company’s stock valued at $9,726,000 after purchasing an additional 1,332 shares during the period. Institutional investors own 41.19% of the company’s stock.

Preformed Line Products Trading Down 0.8 %

Preformed Line Products stock opened at $123.11 on Wednesday. The business has a 50 day moving average price of $128.59 and a two-hundred day moving average price of $131.26. The company has a quick ratio of 1.58, a current ratio of 2.92 and a debt-to-equity ratio of 0.12. The stock has a market cap of $606.93 million, a price-to-earnings ratio of 9.71 and a beta of 0.74. Preformed Line Products has a 12 month low of $104.96 and a 12 month high of $184.82.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $1.29 EPS for the quarter. The firm had revenue of $145.60 million during the quarter. Preformed Line Products had a return on equity of 15.89% and a net margin of 9.46%.

Preformed Line Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.80 annualized dividend and a yield of 0.65%. Preformed Line Products’s dividend payout ratio (DPR) is 6.31%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th.

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.