Stock Traders Purchase Large Volume of AMTEK Put Options (AME)
AMTEK, Inc. (NYSE:AME) saw some unusual options trading on Friday. Stock investors bought 3,067 put options on the stock. This is an increase of Infinity compared to the average volume of 0 put options.
Shares of AMTEK (AME) opened at $68.23 on Monday. AMTEK has a 1 year low of $45.78 and a 1 year high of $70.26. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $15,769.13, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33.
AMTEK (NYSE:AME) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. equities research analysts expect that AMTEK will post 2.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. AMTEK’s dividend payout ratio is currently 15.13%.
In other news, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total value of $189,720.00. Following the sale, the director now directly owns 117,880 shares of the company’s stock, valued at $7,454,731.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider now directly owns 38,367 shares in the company, valued at $2,546,034.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,155 shares of company stock worth $11,218,603. 2.10% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Commonwealth Bank of Australia raised its holdings in shares of AMTEK by 17.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock valued at $104,000 after buying an additional 263 shares during the period. BB&T Investment Services Inc. purchased a new stake in shares of AMTEK in the 2nd quarter valued at $107,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of AMTEK in the 2nd quarter valued at $151,000. Acrospire Investment Management LLC raised its holdings in shares of AMTEK by 104.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,550 shares of the technology company’s stock valued at $154,000 after buying an additional 1,300 shares during the period. Finally, QS Investors LLC raised its holdings in shares of AMTEK by 0.9% in the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.
A number of analysts have recently issued reports on AME shares. Robert W. Baird lifted their price target on AMTEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group LLC lifted their price target on AMTEK from $66.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded AMTEK from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Morgan Stanley lifted their price objective on AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus set a $70.00 price objective on AMTEK and gave the stock a “buy” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. AMTEK currently has an average rating of “Buy” and an average target price of $71.60.
COPYRIGHT VIOLATION WARNING: “Stock Traders Purchase Large Volume of AMTEK Put Options (AME)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.watchlistnews.com/stock-traders-purchase-large-volume-of-amtek-put-options-ame/1699178.html.
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.
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.