Gamco Investors INC. ET AL Sells 100,000 Shares of AMTEK, Inc. (AME)
Gamco Investors INC. ET AL cut its position in AMTEK, Inc. (NYSE:AME) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,813,465 shares of the technology company’s stock after selling 100,000 shares during the period. Gamco Investors INC. ET AL’s holdings in AMTEK were worth $109,842,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock worth $747,572,000 after buying an additional 13,392,716 shares during the last quarter. Boston Partners boosted its position in shares of AMTEK by 534.8% in the first quarter. Boston Partners now owns 3,439,416 shares of the technology company’s stock worth $186,004,000 after buying an additional 2,897,568 shares during the last quarter. American Century Companies Inc. boosted its position in shares of AMTEK by 115.2% in the first quarter. American Century Companies Inc. now owns 2,777,068 shares of the technology company’s stock worth $150,184,000 after buying an additional 1,486,889 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock worth $569,372,000 after buying an additional 868,895 shares during the last quarter. Finally, FMR LLC boosted its position in shares of AMTEK by 3.4% in the first quarter. FMR LLC now owns 21,688,705 shares of the technology company’s stock worth $1,172,925,000 after buying an additional 717,489 shares during the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.
AMTEK, Inc. (NYSE:AME) opened at 63.11 on Thursday. AMTEK, Inc. has a one year low of $43.98 and a one year high of $64.97. The stock has a market cap of $14.57 billion, a P/E ratio of 27.69 and a beta of 1.34. The stock’s 50 day moving average price is $62.08 and its 200-day moving average price is $58.02.
AMTEK (NYSE:AME) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. On average, analysts predict that AMTEK, Inc. will post $2.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio (DPR) is presently 15.79%.
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A number of equities analysts recently issued reports on AME shares. BMO Capital Markets restated an “outperform” rating and issued a $67.00 target price (up from $65.00) on shares of AMTEK in a report on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price (up from $63.00) on shares of AMTEK in a report on Wednesday, May 3rd. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, June 5th. Morgan Stanley lifted their target price on AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $67.00 target price on shares of AMTEK in a report on Tuesday, June 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. AMTEK currently has an average rating of “Buy” and a consensus target price of $65.09.
In other AMTEK news, insider John Wesley Hardin sold 2,600 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $64.51, for a total transaction of $167,726.00. Following the completion of the transaction, the insider now owns 59,698 shares in the company, valued at approximately $3,851,117.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total value of $189,720.00. Following the transaction, the director now owns 117,880 shares of the company’s stock, valued at approximately $7,454,731.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,370 shares of company stock valued at $3,622,419. Corporate insiders own 2.10% of the company’s stock.
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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