Amphenol Corp. (APH) Shares Sold by Alta Capital Management LLC
Alta Capital Management LLC reduced its position in Amphenol Corp. (NYSE:APH) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 778,757 shares of the company’s stock after selling 37,491 shares during the period. Amphenol Corp. makes up about 3.1% of Alta Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Alta Capital Management LLC owned approximately 0.25% of Amphenol Corp. worth $50,556,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of APH. Independent Portfolio Consultants Inc. boosted its stake in shares of Amphenol Corp. by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,070 shares of the company’s stock worth $348,000 after buying an additional 630 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Amphenol Corp. by 3.0% in the second quarter. Nisa Investment Advisors LLC now owns 190,835 shares of the company’s stock worth $10,941,000 after buying an additional 5,485 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Amphenol Corp. by 46.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,660 shares of the company’s stock worth $1,930,000 after buying an additional 10,600 shares during the period. Eqis Capital Management Inc. raised its position in Amphenol Corp. by 2.7% in the second quarter. Eqis Capital Management Inc. now owns 6,533 shares of the company’s stock worth $375,000 after buying an additional 171 shares during the period. Finally, Capstone Asset Management Co. raised its position in Amphenol Corp. by 12.4% in the second quarter. Capstone Asset Management Co. now owns 30,158 shares of the company’s stock worth $1,729,000 after buying an additional 3,330 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.04% during midday trading on Monday, reaching $68.64. The company’s stock had a trading volume of 810,969 shares. Amphenol Corp. has a one year low of $44.50 and a one year high of $68.80. The stock’s 50 day moving average price is $65.91 and its 200 day moving average price is $61.34. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 27.57 and a beta of 0.98.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Amphenol Corp. had a net margin of 12.98% and a return on equity of 23.48%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that Amphenol Corp. will post $2.70 earnings per share for the current 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 given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.93%. This is an increase from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s payout ratio is presently 22.49%.
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A number of research firms have recently weighed in on APH. RBC Capital Markets reaffirmed a “top pick” rating and issued a $69.00 price objective (up previously from $68.00) on shares of Amphenol Corp. in a research note on Saturday, October 22nd. Royal Bank Of Canada upped their price objective on Amphenol Corp. from $68.00 to $69.00 and gave the stock a “top pick” rating in a research note on Thursday, October 20th. Zacks Investment Research lowered Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Five investment 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 company’s stock. Amphenol Corp. has an average rating of “Buy” and an average price target of $69.11.
In other news, CFO Craig A. Lampo sold 25,000 shares of the business’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $66.19, for a total value of $1,654,750.00. Following the completion of the sale, the chief financial officer now owns 50,000 shares of the company’s stock, valued at approximately $3,309,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael R. Ivas sold 17,500 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $66.01, for a total transaction of $1,155,175.00. Following the completion of the sale, the vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $1,650,250. The disclosure for this sale can be found here. 2.92% of the stock is currently 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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