AMTEK, Inc. (AME) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its stake in shares of AMTEK, Inc. (NYSE:AME) by 50.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,322 shares of the technology company’s stock after buying an additional 42,217 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.05% of AMTEK worth $8,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new stake in AMTEK during the 3rd quarter valued at approximately $2,710,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in AMTEK by 1.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 633,825 shares of the technology company’s stock valued at $38,391,000 after buying an additional 9,831 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of AMTEK by 22,076.4% in the second 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 in the last quarter. State Treasurer State of Michigan grew its holdings in shares of AMTEK by 0.3% in the second quarter. State Treasurer State of Michigan now owns 75,584 shares of the technology company’s stock valued at $4,578,000 after purchasing an additional 200 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of AMTEK by 4.0% in the second quarter. Keybank National Association OH now owns 4,742 shares of the technology company’s stock valued at $287,000 after purchasing an additional 181 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of AMTEK from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, August 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. AMTEK presently has a consensus rating of “Buy” and an average price target of $71.80.
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In other AMTEK news, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $66.30, for a total value of $198,900.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas C. Marecic sold 12,315 shares of AMTEK stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $66.36, for a total value of $817,223.40. Following the completion of 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. Over the last quarter, insiders have sold 166,155 shares of company stock valued at $11,028,883. Corporate insiders own 2.10% of the company’s stock.
Shares of AMTEK, Inc. (AME) opened at $68.82 on Thursday. The stock has a market capitalization of $15,910.00, a price-to-earnings ratio of 27.91, a P/E/G ratio of 2.36 and a beta of 1.33. AMTEK, Inc. has a 52-week low of $45.78 and a 52-week high of $70.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16.
AMTEK (NYSE:AME) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.56 earnings per share. AMTEK’s revenue was up 14.8% on a year-over-year basis. analysts anticipate that AMTEK, Inc. will post 2.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.52%. AMTEK’s dividend payout ratio (DPR) is 15.13%.
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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