In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Preformed Line Products Co (NASDAQ:PLPC) reported that Keybank National Association/oh has picked up 405,352 of common stock as of 2016-12-09.
The acquisition brings the aggregate amount owned by Keybank National Association/oh Llc to a total of 405,352 representing a 7.91% stake in the company.
For those not familiar with the company, 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.
A glance at Preformed Line Products Co (NASDAQ:PLPC)’s key stats reveals a current market capitalization of $287.56 million based on 5.12 million shares outstanding and a price at last close of $57.10 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-10-20, Haag picked up 16 at a purchase price of $41.00. This brings their total holding to 4,421 as of the date of the filing.
On the sell side, the most recent transaction saw Vaccariello unload 279 shares at a sale price of $45.39. This brings their total holding to 9,685.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Preformed Line Products Co (NASDAQ:PLPC) as things move forward to see if its progress aligns with these transactions.
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