Chevy Chase Trust Holdings Inc. reduced its stake in Amtek Inc. (NYSE:AME) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,944 shares of the company’s stock after selling 5,449 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Amtek worth $9,267,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Amtek during the second quarter valued at $106,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Amtek by 65.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,314 shares of the company’s stock valued at $153,000 after buying an additional 1,316 shares during the period. Pacer Advisors Inc. increased its position in shares of Amtek by 7.9% in the second quarter. Pacer Advisors Inc. now owns 4,107 shares of the company’s stock valued at $190,000 after buying an additional 302 shares during the period. Stanley Laman Group Ltd. acquired a new position in shares of Amtek during the second quarter valued at $201,000. Finally, Bank of Nova Scotia increased its position in shares of Amtek by 5.2% in the second quarter. Bank of Nova Scotia now owns 4,693 shares of the company’s stock valued at $217,000 after buying an additional 230 shares during the period. Institutional investors own 87.23% of the company’s stock.

Institutional Ownership by Quarter for Amtek (NYSE:AME)

Shares of Amtek Inc. (NYSE:AME) traded down 2.61% on Monday, reaching $46.23. The company’s stock had a trading volume of 3,348,612 shares. The stock has a market capitalization of $10.70 billion, a P/E ratio of 20.10 and a beta of 1.11. The company has a 50 day moving average of $46.10 and a 200 day moving average of $47.11. Amtek Inc. has a 1-year low of $42.82 and a 1-year high of $57.00.

Amtek (NYSE:AME) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $945 million for the quarter, compared to analyst estimates of $956.33 million. Amtek had a return on equity of 16.68% and a net margin of 14.01%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities research analysts expect that Amtek Inc. will post $2.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, December 5th. Amtek’s dividend payout ratio (DPR) is 15.72%.

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AME has been the topic of several recent research reports. Royal Bank Of Canada lowered their price objective on Amtek from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Stifel Nicolaus lowered their price objective on Amtek from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd. RBC Capital Markets restated an “outperform” rating and issued a $57.00 price objective (down previously from $59.00) on shares of Amtek in a research report on Wednesday, November 2nd. Janney Montgomery Scott initiated coverage on Amtek in a research report on Monday, October 24th. They issued a “buy” rating and a $56.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. lowered their price objective on Amtek from $56.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.27.

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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