Amphenol Co. (APH) Holdings Reduced by Elkhorn Investments LLC
Elkhorn Investments LLC trimmed its position in shares of Amphenol Co. (NYSE:APH) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,003 shares of the electronics maker’s stock after selling 970 shares during the quarter. Amphenol accounts for approximately 1.1% of Elkhorn Investments LLC’s investment portfolio, making the stock its 21st largest position. Elkhorn Investments LLC’s holdings in Amphenol were worth $1,398,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of APH. BlackRock Inc. boosted its stake in Amphenol by 9.8% during the fourth quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock worth $1,854,233,000 after buying an additional 1,880,658 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Amphenol by 89.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,058,086 shares of the electronics maker’s stock worth $92,909,000 after buying an additional 500,762 shares during the period. Swiss National Bank boosted its stake in Amphenol by 42.7% during the fourth quarter. Swiss National Bank now owns 1,607,750 shares of the electronics maker’s stock worth $141,160,000 after buying an additional 480,900 shares during the period. Assenagon Asset Management S.A. purchased a new position in Amphenol during the fourth quarter worth $35,814,000. Finally, Carillon Tower Advisers Inc. purchased a new position in Amphenol during the fourth quarter worth $32,058,000. 96.70% of the stock is owned by institutional investors.
Amphenol Co. (NYSE:APH) traded down $0.35 during trading hours on Wednesday, hitting $92.16. The stock had a trading volume of 27,773 shares, compared to its average volume of 1,404,030. Amphenol Co. has a fifty-two week low of $68.57 and a fifty-two week high of $93.62. The company has a market capitalization of $28,306.13, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 2.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.25 and a current ratio of 2.95.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.76 annualized dividend and a dividend yield of 0.82%. Amphenol’s payout ratio is currently 37.07%.
APH has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. SunTrust Banks reiterated a “hold” rating and set a $89.00 target price (up from $82.00) on shares of Amphenol in a research report on Thursday, January 25th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 target price on shares of Amphenol in a research report on Wednesday, December 13th. Finally, Cowen reiterated a “buy” rating and set a $105.00 target price on shares of Amphenol in a research report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.00.
In related news, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $92.07, for a total value of $920,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Lord sold 2,000 shares of Amphenol stock in a transaction dated Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total value of $124,940.00. Following the completion of the sale, the director now owns 38,677 shares of the company’s stock, valued at $2,416,152.19. The disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.
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Amphenol 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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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