AMTEK, Inc. (AME) Shares Sold by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH lowered its stake in shares of AMTEK, Inc. (NYSE:AME) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,730 shares of the technology company’s stock after selling 870 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in AMTEK were worth $1,013,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Seven Eight Capital LP acquired a new position in shares of AMTEK during the 2nd quarter valued at about $1,104,000. Raymond James Trust N.A. increased its stake in shares of AMTEK by 2.0% during the 2nd quarter. Raymond James Trust N.A. now owns 8,142 shares of the technology company’s stock valued at $493,000 after acquiring an additional 158 shares during the last quarter. Stephens Inc. AR increased its stake in shares of AMTEK by 3.5% during the 2nd quarter. Stephens Inc. AR now owns 6,222 shares of the technology company’s stock valued at $377,000 after acquiring an additional 213 shares during the last quarter. Oak Ridge Investments LLC increased its stake in shares of AMTEK by 6.8% during the 2nd quarter. Oak Ridge Investments LLC now owns 207,193 shares of the technology company’s stock valued at $12,550,000 after acquiring an additional 13,218 shares during the last quarter. Finally, HPM Partners LLC acquired a new position in shares of AMTEK during the 2nd quarter valued at about $354,000. 85.65% of the stock is owned by institutional investors.
In other news, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total transaction of $189,720.00. Following the transaction, the director now owns 117,880 shares of the company’s stock, valued at approximately $7,454,731.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Wesley Hardin sold 2,600 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $64.51, for a total value of $167,726.00. Following the transaction, the insider now directly owns 59,698 shares in the company, valued at approximately $3,851,117.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock worth $454,181. 2.10% of the stock is currently owned by insiders.
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AMTEK, Inc. (AME) opened at 65.33 on Friday. AMTEK, Inc. has a 12-month low of $43.98 and a 12-month high of $65.84. The firm has a 50-day moving average price of $63.32 and a 200-day moving average price of $59.53. The stock has a market cap of $15.08 billion, a PE ratio of 28.67 and a beta of 1.31.
AMTEK (NYSE:AME) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business earned $0.59 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts forecast that AMTEK, Inc. will post $2.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio is 15.79%.
AME has been the subject of a number of research reports. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Monday, May 22nd. BMO Capital Markets reiterated a “buy” rating and set a $67.00 target price on shares of AMTEK in a report on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 target price on shares of AMTEK in a report on Thursday, August 3rd. BidaskClub cut AMTEK from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $69.00 target price (up previously from $66.00) on shares of AMTEK in a report on Thursday, June 8th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $65.18.
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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