Cipher Capital LP raised its stake in shares of AMTEK, Inc. (NYSE:AME) by 43.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,380 shares of the technology company’s stock after purchasing an additional 20,919 shares during the quarter. Cipher Capital LP’s holdings in AMTEK were worth $4,582,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of AME. Janus Henderson Group PLC increased its position in AMTEK by 22,076.4% during the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after purchasing an additional 6,374,794 shares during the period. Boston Partners increased its position in AMTEK by 21.7% during the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock valued at $345,618,000 after purchasing an additional 932,008 shares during the period. Vanguard Group Inc. increased its position in AMTEK by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after purchasing an additional 687,292 shares during the period. SG Americas Securities LLC grew its position in shares of AMTEK by 2,013.0% in the 2nd quarter. SG Americas Securities LLC now owns 631,958 shares of the technology company’s stock worth $38,278,000 after buying an additional 602,050 shares during the period. Finally, Balyasny Asset Management LLC purchased a new stake in shares of AMTEK in the 2nd quarter worth about $15,287,000. 84.23% of the stock is currently owned by institutional investors and hedge funds.
In other AMTEK news, Director Elizebeth R. Varet sold 3,050 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total transaction of $219,081.50. Following the transaction, the director now owns 117,930 shares in the company, valued at approximately $8,470,911.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas C. Marecic sold 12,315 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $66.36, for a total transaction of $817,223.40. Following the transaction, the insider now owns 38,367 shares in the company, valued at approximately $2,546,034.12. The disclosure for this sale can be found here. Insiders have sold a total of 171,005 shares of company stock worth $11,374,594 in the last 90 days. Company insiders own 2.10% of the company’s stock.
AMTEK (NYSE:AME) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.56 EPS. AMTEK’s revenue for the quarter was up 14.8% on a year-over-year basis. equities analysts predict that AMTEK, Inc. will post 2.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, December 5th. AMTEK’s dividend payout ratio is currently 15.13%.
AME has been the topic of a number of recent research reports. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, August 24th. Stifel Nicolaus set a $70.00 target price on shares of AMTEK and gave the stock a “buy” rating in a research report on Friday, October 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $70.00 target price on shares of AMTEK in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of AMTEK in a research report on Friday, October 13th. Finally, Jefferies Group upped their target price on shares of AMTEK from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. AMTEK has a consensus rating of “Buy” and an average target price of $71.80.
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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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