Amphenol Corp. (APH) Position Decreased by British Columbia Investment Management Corp
British Columbia Investment Management Corp reduced its stake in Amphenol Corp. (NYSE:APH) by 15.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,677 shares of the company’s stock after selling 22,199 shares during the period. British Columbia Investment Management Corp’s holdings in Amphenol Corp. were worth $7,640,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in APH. BlueMountain Capital Management LLC purchased a new stake in shares of Amphenol Corp. during the first quarter valued at about $139,000. Van ECK Associates Corp increased its stake in shares of Amphenol Corp. by 30.0% in the second quarter. Van ECK Associates Corp now owns 2,738 shares of the company’s stock valued at $157,000 after buying an additional 632 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Amphenol Corp. during the second quarter valued at about $181,000. Quadrant Capital Group LLC increased its stake in shares of Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock valued at $181,000 after buying an additional 99 shares during the last quarter. Finally, Telemus Capital LLC purchased a new stake in shares of Amphenol Corp. during the second quarter valued at about $206,000. 96.32% of the stock is owned by institutional investors and hedge funds.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.29% during trading on Wednesday, reaching $68.23. 501,402 shares of the company traded hands. The company has a market capitalization of $21.05 billion, a price-to-earnings ratio of 27.40 and a beta of 0.98. The firm’s 50 day moving average price is $66.00 and its 200-day moving average price is $61.51. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $69.19.
Amphenol Corp. (NYSE:APH) last posted its earnings results on Wednesday, October 19th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Amphenol Corp. had a return on equity of 23.48% and a net margin of 12.98%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that Amphenol Corp. will post $2.70 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Tuesday, December 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s dividend payout ratio (DPR) is currently 22.49%.
Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Amphenol Corp. from $69.00 to $71.00 and gave the stock a “top pick” rating in a research note on Wednesday. RBC Capital Markets raised their target price on shares of Amphenol Corp. from $69.00 to $71.00 and gave the stock a “top pick” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $70.00 in a research report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corp. has a consensus rating of “Buy” and an average target price of $69.56.
In related news, CEO Richard Adam Norwitt sold 295,000 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $66.11, for a total transaction of $19,502,450.00. Following the completion of the sale, the chief executive officer now directly owns 304,992 shares of the company’s stock, valued at $20,163,021.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luc Walter sold 68,528 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $66.35, for a total value of $4,546,832.80. Following the sale, the senior vice president now directly owns 168,528 shares of the company’s stock, valued at $11,181,832.80. The disclosure for this sale can be found here. 2.92% of the stock is owned by insiders.
Amphenol Corp. Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.
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