Aberdeen Asset Management PLC UK Decreases Position in AMTEK, Inc. (AME)
Aberdeen Asset Management PLC UK lowered its stake in AMTEK, Inc. (NYSE:AME) by 7.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 39,734 shares of the technology company’s stock after selling 3,413 shares during the period. Aberdeen Asset Management PLC UK’s holdings in AMTEK were worth $2,406,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Bank of Australia grew its stake in AMTEK by 17.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock valued at $104,000 after buying an additional 263 shares during the last quarter. Sandy Spring Bank grew its position in shares of AMTEK by 4.1% during the 1st quarter. Sandy Spring Bank now owns 1,847 shares of the technology company’s stock worth $262,000 after purchasing an additional 72 shares in the last quarter. Independence Advisors LLC acquired a new position in shares of AMTEK during the 2nd quarter worth approximately $299,000. Van ECK Associates Corp grew its position in shares of AMTEK by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock worth $163,000 after purchasing an additional 196 shares in the last quarter. Finally, First Personal Financial Services grew its position in shares of AMTEK by 57.3% during the 2nd quarter. First Personal Financial Services now owns 3,265 shares of the technology company’s stock worth $198,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.
Shares of AMTEK, Inc. (AME) opened at 66.31 on Tuesday. The stock’s 50 day moving average is $63.45 and its 200-day moving average is $59.68. The company has a market cap of $15.30 billion, a P/E ratio of 29.10 and a beta of 1.31. AMTEK, Inc. has a one year low of $43.98 and a one year high of $66.36.
AMTEK (NYSE:AME) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. Equities research analysts forecast that AMTEK, Inc. will post $2.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.54%. AMTEK’s dividend payout ratio is currently 15.79%.
COPYRIGHT VIOLATION WARNING: “Aberdeen Asset Management PLC UK Decreases Position in AMTEK, Inc. (AME)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/19/aberdeen-asset-management-plc-uk-decreases-position-in-amtek-inc-ame.html.
AME has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Monday, May 22nd. BMO Capital Markets restated a “buy” rating and set a $67.00 target price on shares of AMTEK in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and set a $66.00 target price on shares of AMTEK in a research report on Thursday, August 3rd. BidaskClub lowered shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $69.00 target price (up previously from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $65.18.
In related news, VP Thomas M. Montgomery sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $64.49, for a total transaction of $96,735.00. Following the completion of the transaction, the vice president now owns 21,747 shares of the company’s stock, valued at $1,402,464.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,100 shares of company stock valued at $454,181. 2.10% of the stock is owned by corporate insiders.
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.
Receive News & Stock Ratings for AMTEK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK Inc. and related stocks with our FREE daily email newsletter.