New York State Common Retirement Fund boosted its holdings in shares of Preformed Line Products Company (NASDAQ:PLPC) by 95.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the technology company’s stock after purchasing an additional 2,299 shares during the period. New York State Common Retirement Fund owned 0.09% of Preformed Line Products worth $218,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in Preformed Line Products by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock valued at $220,000 after purchasing an additional 45 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Preformed Line Products by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,219 shares of the technology company’s stock valued at $475,000 after buying an additional 57 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Preformed Line Products by 5.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 8,232 shares of the technology company’s stock valued at $382,000 after buying an additional 415 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Preformed Line Products by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,676 shares of the technology company’s stock valued at $1,285,000 after buying an additional 569 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Preformed Line Products by 28.4% in the 2nd quarter. Teachers Advisors LLC now owns 4,849 shares of the technology company’s stock valued at $225,000 after buying an additional 1,073 shares during the period. 44.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Preformed Line Products Company (NASDAQ:PLPC) opened at $79.00 on Thursday. The company has a market capitalization of $403.49, a price-to-earnings ratio of 23.80 and a beta of 1.25. Preformed Line Products Company has a 52 week low of $44.50 and a 52 week high of $80.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.15 and a quick ratio of 2.00.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings results on Friday, November 3rd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 7.30% and a net margin of 4.64%. The business had revenue of $99.24 million for the quarter.

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Separately, TheStreet raised Preformed Line Products from a “c+” rating to a “b-” rating in a research note on Monday, August 21st.

About Preformed Line Products

Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.

Institutional Ownership by Quarter for Preformed Line Products (NASDAQ:PLPC)

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