Los Angeles Capital Management & Equity Research Inc. Has $88.17 Million Holdings in Amphenol Corporation (APH)
Los Angeles Capital Management & Equity Research Inc. grew its position in Amphenol Corporation (NYSE:APH) by 345.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,041,687 shares of the electronics maker’s stock after acquiring an additional 808,015 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.34% of Amphenol Corporation worth $88,168,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank increased its holdings in shares of Amphenol Corporation by 12.2% in the 3rd quarter. Toronto Dominion Bank now owns 119,799 shares of the electronics maker’s stock valued at $10,138,000 after acquiring an additional 12,994 shares during the last quarter. Dorsey Wright & Associates grew its stake in Amphenol Corporation by 11.2% during the 3rd quarter. Dorsey Wright & Associates now owns 52,872 shares of the electronics maker’s stock worth $4,475,000 after buying an additional 5,325 shares during the last quarter. New York State Common Retirement Fund grew its stake in Amphenol Corporation by 5.6% during the 3rd quarter. New York State Common Retirement Fund now owns 977,892 shares of the electronics maker’s stock worth $82,769,000 after buying an additional 52,200 shares during the last quarter. CIBC Asset Management Inc grew its stake in Amphenol Corporation by 2.0% during the 3rd quarter. CIBC Asset Management Inc now owns 30,016 shares of the electronics maker’s stock worth $2,541,000 after buying an additional 575 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Amphenol Corporation by 17.3% during the 3rd quarter. Sei Investments Co. now owns 203,497 shares of the electronics maker’s stock worth $16,856,000 after buying an additional 30,073 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.
Shares of Amphenol Corporation (NYSE APH) traded up $1.49 during mid-day trading on Monday, reaching $88.21. The company’s stock had a trading volume of 1,359,100 shares, compared to its average volume of 1,128,188. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $88.36. The firm has a market cap of $26,933.96, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.71 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. sell-side analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.86%. Amphenol Corporation’s payout ratio is 24.20%.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the sale, the chief executive officer now owns 216,492 shares in the company, valued at approximately $18,639,961.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total value of $1,195,500.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 397,000 shares of company stock valued at $33,877,390. 2.51% of the stock is owned by corporate insiders.
A number of research analysts have issued reports on APH shares. Deutsche Bank AG boosted their price target on Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Royal Bank Of Canada reiterated a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Friday, September 22nd. Cowen and Company restated an “outperform” rating and issued a $95.00 price objective (up previously from $85.00) on shares of Amphenol Corporation in a report on Tuesday, October 10th. Finally, Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $87.90.
Amphenol Corporation Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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