Los Angeles Capital Management & Equity Research Inc. Sells 300 Shares of Amphenol Corp. (APH)
Los Angeles Capital Management & Equity Research Inc. reduced its stake in shares of Amphenol Corp. (NYSE:APH) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 12,640 shares of the company’s stock after selling 300 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Amphenol Corp. were worth $725,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Amphenol Corp. during the first quarter worth approximately $1,289,000. Virginia Retirement System acquired a new position in shares of Amphenol Corp. during the first quarter worth approximately $289,000. Buffington Mohr McNeal increased its position in shares of Amphenol Corp. by 23.1% in the first quarter. Buffington Mohr McNeal now owns 23,150 shares of the company’s stock worth $1,338,000 after buying an additional 4,350 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new position in shares of Amphenol Corp. during the first quarter worth approximately $389,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of Amphenol Corp. during the first quarter worth approximately $387,000. Hedge funds and other institutional investors own 96.85% of the company’s stock.
Amphenol Corp. (NYSE:APH) traded up 0.67% during midday trading on Tuesday, hitting $64.19. The stock had a trading volume of 2,288,218 shares. The company’s 50 day moving average price is $61.23 and its 200-day moving average price is $58.45. The stock has a market cap of $19.82 billion, a PE ratio of 26.40 and a beta of 1.16. Amphenol Corp. has a 52-week low of $44.50 and a 52-week high of $65.18.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm earned $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $0.58 EPS. Amphenol Corp.’s quarterly revenue was up 14.6% compared to the same quarter last year. Analysts forecast that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
APH has been the subject of a number of recent analyst reports. RBC Capital Markets upped their target price on 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 upped their price target on Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. Zacks Investment Research cut Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $70.00 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol Corp. has a consensus rating of “Buy” and a consensus target price of $68.11.
In related news, CFO Craig A. Lampo sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total transaction of $1,321,540.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $2,102,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William J. Doherty sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $59.89, for a total value of $1,557,140.00. Following the sale, the vice president now directly owns 6,800 shares of the company’s stock, valued at $407,252. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
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.
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