BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in AMTEK, Inc. (NYSE:AME) by 8.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,115 shares of the technology company’s stock after selling 10,222 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in AMTEK were worth $6,730,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AME. First Personal Financial Services boosted its position in AMTEK by 23.9% in the first quarter. First Personal Financial Services now owns 2,075 shares of the technology company’s stock worth $112,000 after buying an additional 400 shares in the last quarter. Van ECK Associates Corp boosted its position in AMTEK by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock worth $163,000 after buying an additional 196 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in AMTEK by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,229 shares of the technology company’s stock worth $175,000 after buying an additional 19 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in AMTEK by 1.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 3,464 shares of the technology company’s stock worth $187,000 after buying an additional 59 shares in the last quarter. Finally, Global X Management Co. LLC boosted its position in AMTEK by 28.9% in the first quarter. Global X Management Co. LLC now owns 3,695 shares of the technology company’s stock worth $200,000 after buying an additional 828 shares in the last quarter. 89.49% of the stock is owned by institutional investors and hedge funds.

AMTEK, Inc. (AME) opened at 62.94 on Friday. AMTEK, Inc. has a 52 week low of $43.98 and a 52 week high of $64.97. The firm’s 50-day moving average is $62.23 and its 200-day moving average is $58.14. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 27.62 and a beta of 1.34.

AMTEK (NYSE:AME) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that AMTEK, Inc. will post $2.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.57%. AMTEK’s payout ratio is 15.79%.

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Several equities research analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and issued a $67.00 price target (up previously from $65.00) on shares of AMTEK in a report on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target (up previously from $63.00) on shares of AMTEK in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Monday, June 5th. Morgan Stanley boosted their price target on shares of AMTEK from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $67.00 price target on shares of AMTEK in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $65.09.

In other news, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total value of $189,720.00. Following the transaction, the director now directly owns 117,880 shares of the company’s stock, valued at approximately $7,454,731.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy N. Jones sold 39,955 shares of AMTEK stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $61.95, for a total transaction of $2,475,212.25. Following the completion of the transaction, the insider now directly owns 40,025 shares in the company, valued at $2,479,548.75. The disclosure for this sale can be found here. Insiders sold a total of 53,055 shares of company stock worth $3,303,253 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

AMTEK Company Profile

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

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Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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