SG Americas Securities LLC Has $135,000 Stock Holdings in Preformed Line Products (NASDAQ:PLPC)

SG Americas Securities LLC lifted its position in shares of Preformed Line Products (NASDAQ:PLPC) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,053 shares of the technology company’s stock after purchasing an additional 122 shares during the period. SG Americas Securities LLC’s holdings in Preformed Line Products were worth $135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLPC. Private Advisor Group LLC lifted its position in Preformed Line Products by 4.8% during the third quarter. Private Advisor Group LLC now owns 2,755 shares of the technology company’s stock worth $353,000 after acquiring an additional 125 shares during the last quarter. Koss Olinger Consulting LLC lifted its position in shares of Preformed Line Products by 3.8% during the 3rd quarter. Koss Olinger Consulting LLC now owns 3,726 shares of the technology company’s stock worth $477,000 after buying an additional 138 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 valued at $304,000 after purchasing an additional 274 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Preformed Line Products by 5.0% during the third quarter. Janus Henderson Group PLC now owns 7,885 shares of the technology company’s stock valued at $1,010,000 after purchasing an additional 376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Preformed Line Products by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 32,574 shares of the technology company’s stock valued at $4,172,000 after acquiring an additional 471 shares during the last quarter. Institutional investors own 41.19% of the company’s stock.

Analyst Ratings Changes

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

Preformed Line Products Trading Down 3.7 %

Shares of Preformed Line Products stock opened at $141.23 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. The stock has a 50 day moving average price of $132.61 and a two-hundred day moving average price of $127.63. Preformed Line Products has a 52 week low of $109.01 and a 52 week high of $154.90. The stock has a market capitalization of $691.74 million, a PE ratio of 21.21 and a beta of 0.63.

Preformed Line Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $0.80 annualized dividend and a yield of 0.57%. Preformed Line Products’s payout ratio is 12.01%.

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.