Checchi Capital Advisers LLC Has $118,000 Position in Amphenol Corp. (APH)
Checchi Capital Advisers LLC reduced its position in shares of Amphenol Corp. (NYSE:APH) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,060 shares of the company’s stock after selling 135 shares during the period. Checchi Capital Advisers LLC’s holdings in Amphenol Corp. were worth $118,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in Amphenol Corp. by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,620 shares of the company’s stock worth $1,704,000 after buying an additional 880 shares in the last quarter. Norges Bank bought a new stake in Amphenol Corp. during the fourth quarter worth about $123,738,000. Chevy Chase Trust Holdings Inc. increased its stake in Amphenol Corp. by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 260,578 shares of the company’s stock worth $15,067,000 after buying an additional 5,802 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Amphenol Corp. by 14.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,212 shares of the company’s stock worth $4,117,000 after buying an additional 8,987 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in Amphenol Corp. by 8.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 75,000 shares of the company’s stock worth $4,337,000 after buying an additional 5,906 shares during the last quarter. 96.85% of the stock is owned by institutional investors and hedge funds.
Amphenol Corp. (NYSE:APH) traded up 0.25% on Friday, hitting $62.95. 1,867,260 shares of the stock were exchanged. The company’s 50 day moving average price is $60.83 and its 200-day moving average price is $58.22. Amphenol Corp. has a one year low of $44.50 and a one year high of $63.09. The company has a market cap of $19.43 billion, a P/E ratio of 25.89 and a beta of 1.16.
Amphenol Corp. (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The company earned $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts predict that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol Corp.’s dividend payout ratio (DPR) is 23.05%.
A number of equities research analysts recently issued reports on APH shares. RBC Capital Markets boosted their target price on shares of Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a report on Friday, August 26th. Royal Bank Of Canada boosted their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.56.
In other news, VP William J. Doherty sold 26,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $59.89, for a total value of $1,557,140.00. Following the completion of the sale, the vice president now directly owns 6,800 shares of the company’s stock, valued at $407,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard Schneider sold 57,800 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $60.82, for a total transaction of $3,515,396.00. Following the completion of the sale, the senior vice president now directly owns 100,574 shares of the company’s stock, valued at $6,116,910.68. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by insiders.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corp. (NYSE:APH).
Receive News & Ratings for Amphenol Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.