AMTEK, Inc. (AME) Shares Bought by Stevens Capital Management LP
Stevens Capital Management LP boosted its position in shares of AMTEK, Inc. (NYSE:AME) by 175.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,641 shares of the technology company’s stock after purchasing an additional 23,319 shares during the quarter. Stevens Capital Management LP’s holdings in AMTEK were worth $2,420,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AME. OppenheimerFunds Inc. boosted its position in AMTEK by 0.3% during the first quarter. OppenheimerFunds Inc. now owns 8,735 shares of the technology company’s stock worth $472,000 after purchasing an additional 30 shares in the last quarter. Morgan Stanley lifted its position in shares of AMTEK by 2.7% in the first quarter. Morgan Stanley now owns 318,221 shares of the technology company’s stock valued at $17,210,000 after acquiring an additional 8,309 shares in the last quarter. Capital One National Association lifted its position in shares of AMTEK by 10.6% in the second quarter. Capital One National Association now owns 11,054 shares of the technology company’s stock valued at $670,000 after acquiring an additional 1,060 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of AMTEK in the second quarter valued at $17,144,000. Finally, State of Alaska Department of Revenue lifted its position in shares of AMTEK by 56.9% in the second quarter. State of Alaska Department of Revenue now owns 7,222 shares of the technology company’s stock valued at $437,000 after acquiring an additional 2,620 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.
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Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on AMTEK from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Morgan Stanley upped their price objective on AMTEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. BMO Capital Markets upped their target price on AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. upped their target price on AMTEK to $75.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered AMTEK from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. AMTEK currently has an average rating of “Buy” and an average price target of $71.60.
In other news, Director Elizebeth R. Varet sold 3,000 shares of the 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas C. Marecic sold 12,315 shares of the 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 sale, the insider now owns 38,367 shares of the company’s stock, valued at approximately $2,546,034.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,155 shares of company stock valued at $11,218,603. Insiders own 2.10% of the company’s stock.
Shares of AMTEK, Inc. (NYSE:AME) opened at $68.23 on Friday. The company has a market capitalization of $15,718.28, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. AMTEK, Inc. has a 12 month low of $45.78 and a 12 month high of $70.26.
AMTEK (NYSE:AME) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. sell-side analysts anticipate that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.53%. AMTEK’s dividend payout ratio (DPR) is currently 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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