Cerity Partners LLC Purchases 2,309 Shares of Flex Ltd. (NASDAQ:FLEX)

Cerity Partners LLC lifted its position in Flex Ltd. (NASDAQ:FLEX) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,443 shares of the technology company’s stock after acquiring an additional 2,309 shares during the quarter. Cerity Partners LLC’s holdings in Flex were worth $379,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Troluce Capital Advisors LLC raised its stake in shares of Flex by 101.2% during the third quarter. Troluce Capital Advisors LLC now owns 550,692 shares of the technology company’s stock valued at $14,858,000 after acquiring an additional 48,097,992 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Flex by 211.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,409,636 shares of the technology company’s stock worth $38,032,000 after buying an additional 956,676 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Flex by 57.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,815,591 shares of the technology company’s stock worth $48,985,000 after buying an additional 665,076 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Flex by 58.4% during the third quarter. California Public Employees Retirement System now owns 1,478,476 shares of the technology company’s stock valued at $39,889,000 after buying an additional 544,980 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Flex by 6.8% in the third quarter. LSV Asset Management now owns 6,996,205 shares of the technology company’s stock valued at $188,758,000 after acquiring an additional 447,200 shares in the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FLEX has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on shares of Flex from $29.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of Flex from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com assumed coverage on Flex in a research report on Wednesday, March 6th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Insider Buying and Selling at Flex

In related news, insider Rebecca Sidelinger sold 13,675 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $27.99, for a total transaction of $382,763.25. Following the sale, the insider now directly owns 161,913 shares of the company’s stock, valued at $4,531,944.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Rebecca Sidelinger sold 13,675 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $27.99, for a total transaction of $382,763.25. Following the sale, the insider now directly owns 161,913 shares of the company’s stock, valued at $4,531,944.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Scott Offer sold 75,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $27.52, for a total transaction of $2,064,000.00. Following the sale, the executive vice president now owns 162,094 shares in the company, valued at approximately $4,460,826.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,943 shares of company stock worth $4,055,311. Insiders own 0.56% of the company’s stock.

Flex Stock Performance

Shares of FLEX opened at $28.97 on Friday. Flex Ltd. has a 12 month low of $19.44 and a 12 month high of $30.93. The stock has a fifty day moving average price of $28.46 and a 200-day moving average price of $26.79. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The firm has a market cap of $12.20 billion, a PE ratio of 17.24, a P/E/G ratio of 1.78 and a beta of 1.19.

Flex (NASDAQ:FLEX) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.73 billion. Flex had a net margin of 2.56% and a return on equity of 16.24%. Equities research analysts predict that Flex Ltd. will post 2.16 earnings per share for the current fiscal year.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.