Goldman Sachs Group Inc. Decreases Position in AMTEK, Inc. (AME)
Goldman Sachs Group Inc. trimmed its holdings in shares of AMTEK, Inc. (NYSE:AME) by 40.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,435,881 shares of the technology company’s stock after selling 1,689,103 shares during the quarter. Goldman Sachs Group Inc. owned about 1.06% of AMTEK worth $147,541,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. TLP Group LLC raised its stake in AMTEK by 83.8% in the 1st quarter. TLP Group LLC now owns 7,092 shares of the technology company’s stock worth $384,000 after purchasing an additional 3,234 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in AMTEK by 1.6% in 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 purchasing an additional 9,831 shares during the period. State Treasurer State of Michigan boosted its holdings in AMTEK by 0.3% in the 2nd 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 during the period. BlackRock Inc. boosted its holdings in AMTEK by 3,109.3% in the 1st quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after purchasing an additional 13,392,716 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in AMTEK by 504.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 37,307 shares of the technology company’s stock valued at $2,260,000 after purchasing an additional 31,135 shares during the period. 85.62% of the stock is currently owned by institutional investors and hedge funds.
AMTEK, Inc. (NYSE AME) traded up 0.47% during mid-day trading on Monday, hitting $66.35. 180,167 shares of the company’s stock were exchanged. The stock has a market cap of $15.31 billion, a PE ratio of 29.11 and a beta of 1.31. The stock’s 50 day moving average price is $63.58 and its 200-day moving average price is $59.77. AMTEK, Inc. has a 12 month low of $43.98 and a 12 month high of $66.70.
AMTEK (NYSE:AME) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that AMTEK, Inc. will post $2.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.09 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. AMTEK’s dividend payout ratio is presently 15.79%.
AME has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BMO Capital Markets reissued a “buy” rating and issued a $67.00 price objective on shares of AMTEK in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $67.00 price objective on shares of AMTEK in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.27.
In other news, insider Frank S. Hermance sold 150,840 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $66.38, for a total value of $10,012,759.20. Following the completion of the transaction, the insider now directly owns 2,191,341 shares in the company, valued at approximately $145,461,215.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas C. Marecic sold 12,315 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was 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 of the company’s stock, valued at $2,546,034.12. The disclosure for this sale can be found here. In the last three months, insiders sold 170,255 shares of company stock worth $11,284,164. 2.10% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMTEK, Inc. (NYSE:AME).
Receive News & Ratings for AMTEK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.