Parametrica Management Ltd Takes $257,000 Position in AMTEK, Inc. (AME)
Parametrica Management Ltd bought a new stake in shares of AMTEK, Inc. (NYSE:AME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,889 shares of the technology company’s stock, valued at approximately $257,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in AMTEK by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after purchasing an additional 687,292 shares during the period. BlackRock Inc. raised its stake in AMTEK by 0.8% during the 2nd quarter. BlackRock Inc. now owns 13,935,315 shares of the technology company’s stock valued at $844,062,000 after purchasing an additional 111,864 shares during the period. Janus Henderson Group PLC raised its stake in AMTEK by 22,076.4% during the 2nd 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 during the period. Capital Research Global Investors raised its stake in AMTEK by 2.0% during the 2nd quarter. Capital Research Global Investors now owns 6,277,378 shares of the technology company’s stock valued at $380,221,000 after purchasing an additional 121,862 shares during the period. Finally, Boston Partners raised its stake in AMTEK by 25.1% during the 2nd quarter. Boston Partners now owns 4,301,460 shares of the technology company’s stock valued at $260,539,000 after purchasing an additional 862,044 shares during the period. 85.67% of the stock is currently owned by institutional investors.
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In other news, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $66.30, for a total value of $198,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas C. Marecic sold 12,315 shares of AMTEK stock in a transaction that occurred on 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 approximately $2,546,034.12. The disclosure for this sale can be found here. Insiders have sold a total of 170,655 shares of company stock valued at $11,315,338 in the last 90 days. 2.10% of the stock is currently owned by company insiders.
AMTEK, Inc. (NYSE AME) opened at $67.66 on Friday. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.25.
AMTEK (NYSE:AME) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. analysts forecast that AMTEK, Inc. will post 2.58 earnings per share for the current year.
AME has been the topic of several recent analyst reports. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 target price on shares of AMTEK in a research note on Friday, October 13th. Jefferies Group LLC lifted their target price on AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, BidaskClub downgraded AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. AMTEK currently has a consensus rating of “Buy” and an average price target of $71.10.
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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