AMTEK, Inc. (AME) Insider David A. Zapico Sells 25,965 Shares
AMTEK, Inc. (NYSE:AME) insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $71.77, for a total value of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The transaction was disclosed in a document filed with the SEC, which is available through this link.
AMTEK, Inc. (NYSE AME) opened at $71.91 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. The company has a market capitalization of $16,580.35, a PE ratio of 28.81, a PEG ratio of 2.34 and a beta of 1.36. AMTEK, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $73.06.
AMTEK (NYSE:AME) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. analysts expect that AMTEK, Inc. will post 2.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Tuesday, December 5th. AMTEK’s dividend payout ratio (DPR) is currently 15.13%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd acquired a new stake in AMTEK in the 3rd quarter valued at approximately $509,000. Insight Capital Research & Management Inc. acquired a new stake in shares of AMTEK during the 3rd quarter worth approximately $1,936,000. Neuberger Berman Group LLC grew its holdings in shares of AMTEK by 42.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 309,490 shares of the technology company’s stock worth $20,439,000 after purchasing an additional 91,952 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of AMTEK by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 501,481 shares of the technology company’s stock worth $33,118,000 after purchasing an additional 23,381 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of AMTEK by 47.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 23,450 shares of the technology company’s stock worth $1,549,000 after purchasing an additional 7,499 shares in the last quarter. 84.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of AMTEK in a research note on Monday. Zacks Investment Research downgraded AMTEK from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and set a $70.00 price objective on shares of AMTEK in a report on Friday, October 6th. Finally, Morgan Stanley increased their price objective on AMTEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $71.80.
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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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