Keybank National Association OH lowered its position in shares of Preformed Line Products Company (NASDAQ:PLPC) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 405,152 shares of the technology company’s stock after selling 200 shares during the period. Keybank National Association OH owned approximately 7.92% of Preformed Line Products worth $18,807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Preformed Line Products by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 27,676 shares of the technology company’s stock worth $1,285,000 after buying an additional 569 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Preformed Line Products by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,219 shares of the technology company’s stock worth $475,000 after buying an additional 57 shares during the period. SG Americas Securities LLC boosted its stake in shares of Preformed Line Products by 71.4% in the second quarter. SG Americas Securities LLC now owns 6,644 shares of the technology company’s stock worth $308,000 after buying an additional 2,768 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Preformed Line Products by 1.0% in the second quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock worth $220,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 43.80% of the company’s stock.

Shares of Preformed Line Products Company (NASDAQ:PLPC) traded down 0.17% during mid-day trading on Tuesday, hitting $51.84. 1,552 shares of the company’s stock were exchanged. Preformed Line Products Company has a 52 week low of $40.15 and a 52 week high of $61.21. The company has a market capitalization of $265.16 million, a price-to-earnings ratio of 17.13 and a beta of 1.18. The firm has a 50 day moving average price of $49.64 and a 200-day moving average price of $49.33.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data on Friday, August 4th. The technology company reported $0.81 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 6.77% and a net margin of 4.35%. The company had revenue of $97.51 million during the quarter. On average, equities analysts anticipate that Preformed Line Products Company will post $3.05 EPS for the current year.

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Separately, TheStreet cut shares of Preformed Line Products from a “b” rating to a “c+” rating in a report on Friday, May 12th.

Preformed Line Products Company Profile

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.

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

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