Public Employees Retirement Association of Colorado cut its position in shares of Amtek Inc. (NYSE:AME) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 896,297 shares of the company’s stock after selling 5,023 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.38% of Amtek worth $41,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Flossbach Von Storch AG raised its position in shares of Amtek by 92.5% in the second quarter. Flossbach Von Storch AG now owns 912,900 shares of the company’s stock worth $42,203,000 after buying an additional 438,700 shares during the period. ING Groep NV raised its position in shares of Amtek by 53.7% in the second quarter. ING Groep NV now owns 8,271 shares of the company’s stock worth $382,000 after buying an additional 2,888 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of Amtek by 1,252.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 89,133 shares of the company’s stock worth $4,121,000 after buying an additional 82,541 shares during the period. Conning Inc. raised its position in shares of Amtek by 1.8% in the second quarter. Conning Inc. now owns 5,603 shares of the company’s stock worth $259,000 after buying an additional 100 shares during the period. Finally, PGGM Investments raised its position in shares of Amtek by 25.3% in the second quarter. PGGM Investments now owns 610,611 shares of the company’s stock worth $28,229,000 after buying an additional 123,252 shares during the period. Institutional investors and hedge funds own 87.74% of the company’s stock.

Institutional Ownership by Quarter for Amtek (NYSE:AME)

Shares of Amtek Inc. (NYSE:AME) traded down 0.25% during trading on Monday, reaching $47.62. 753,287 shares of the company traded hands. The stock has a market capitalization of $11.07 billion, a PE ratio of 19.92 and a beta of 1.21. Amtek Inc. has a 12-month low of $42.82 and a 12-month high of $57.00. The firm’s 50-day moving average is $48.23 and its 200-day moving average is $47.95.

Amtek (NYSE:AME) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. Amtek had a net margin of 14.47% and a return on equity of 17.53%. The business earned $977.70 million during the quarter, compared to analysts’ expectations of $986.35 million. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities analysts predict that Amtek Inc. will post $2.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. Amtek’s payout ratio is 15.13%.

A number of research analysts have issued reports on AME shares. Jefferies Group decreased their target price on shares of Amtek from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. RBC Capital Markets restated an “outperform” rating and set a $53.00 target price (down previously from $56.00) on shares of Amtek in a research report on Friday, August 5th. Stifel Nicolaus decreased their target price on shares of Amtek from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. Oppenheimer Holdings Inc. decreased their target price on shares of Amtek from $56.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Finally, BMO Capital Markets set a $53.00 target price on shares of Amtek and gave the stock a “buy” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.09.

In other news, insider John Wesley Hardin sold 2,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $49.70, for a total value of $137,917.50. Following the completion of the sale, the insider now directly owns 45,371 shares in the company, valued at approximately $2,254,938.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Amtek Company Profile

AMETEK, Inc (AMETEK) is a manufacturer of electronic instruments and electromechanical devices. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.

5 Day Chart for NYSE:AME

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