APG Asset Management N.V. continued to hold its stake in AMTEK, Inc. (NYSE:AME) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,331 shares of the technology company’s stock at the end of the second quarter. APG Asset Management N.V. owned approximately 0.10% of AMTEK worth $13,891,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. TLP Group LLC increased its position in AMTEK by 83.8% in the first quarter. TLP Group LLC now owns 7,092 shares of the technology company’s stock valued at $384,000 after buying an additional 3,234 shares during the period. Forte Capital LLC ADV increased its stake in shares of AMTEK by 4.0% in the first quarter. Forte Capital LLC ADV now owns 90,588 shares of the technology company’s stock worth $4,899,000 after buying an additional 3,470 shares during the last quarter. Commerce Bank increased its stake in shares of AMTEK by 4.2% in the first quarter. Commerce Bank now owns 29,192 shares of the technology company’s stock worth $1,579,000 after buying an additional 1,187 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of AMTEK by 47.8% in the first quarter. Janney Montgomery Scott LLC now owns 7,873 shares of the technology company’s stock worth $426,000 after buying an additional 2,548 shares during the last quarter. Finally, Harvey Investment Co. LLC increased its stake in shares of AMTEK by 18.0% in the first quarter. Harvey Investment Co. LLC now owns 25,799 shares of the technology company’s stock worth $1,395,000 after buying an additional 3,935 shares during the last quarter. 89.49% of the stock is currently owned by hedge funds and other institutional investors.
AMTEK, Inc. (NYSE AME) traded up 0.24% on Friday, reaching $62.94. The company’s stock had a trading volume of 875,060 shares. AMTEK, Inc. has a one year low of $43.98 and a one year high of $64.97. The stock has a 50-day moving average of $62.23 and a 200-day moving average of $58.14. The stock has a market cap of $14.53 billion, a P/E ratio of 27.62 and a beta of 1.34.
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, beating 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 for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $0.59 earnings per share. AMTEK’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that AMTEK, Inc. will post $2.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 0.57%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio is currently 15.79%.
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A number of research firms have recently commented on AME. BidaskClub cut shares of AMTEK from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, August 7th. BMO Capital Markets raised their price target on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. raised their price objective on shares of AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of AMTEK in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $65.09.
In related news, insider Timothy N. Jones sold 39,955 shares of AMTEK stock in a transaction that occurred on Friday, June 2nd. The stock was 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 approximately $2,479,548.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total value of $189,720.00. Following the transaction, the director now owns 117,880 shares of the company’s stock, valued at $7,454,731.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,055 shares of company stock worth $3,303,253. 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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