Quest Partners LLC Boosts Stock Position in Preformed Line Products (NASDAQ:PLPC)

Quest Partners LLC grew its holdings in Preformed Line Products (NASDAQ:PLPC) by 62.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,554 shares of the technology company’s stock after purchasing an additional 981 shares during the period. Quest Partners LLC owned about 0.05% of Preformed Line Products worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Apis Capital Advisors LLC bought a new position in shares of Preformed Line Products in the second quarter worth about $573,000. Easterly Investment Partners LLC bought a new position in Preformed Line Products in the 2nd quarter worth about $1,658,000. American Century Companies Inc. increased its position in shares of Preformed Line Products by 82.4% during the second quarter. American Century Companies Inc. now owns 4,822 shares of the technology company’s stock worth $601,000 after acquiring an additional 2,179 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Preformed Line Products by 50.0% during the second quarter. Los Angeles Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $758,000 after acquiring an additional 2,030 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Preformed Line Products in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

Preformed Line Products Stock Performance

PLPC stock opened at $143.56 on Tuesday. Preformed Line Products has a 1-year low of $109.01 and a 1-year high of $145.28. The business has a 50-day moving average price of $127.15 and a 200 day moving average price of $125.49. The company has a market capitalization of $703.44 million, a P/E ratio of 20.80 and a beta of 0.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.54 EPS for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The business had revenue of $146.97 million during the quarter.

Preformed Line Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 1st were issued a $0.20 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.56%. Preformed Line Products’s dividend payout ratio is presently 12.01%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 19th.

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.