ING Groep NV bought a new stake in AMTEK, Inc. (NYSE:AME) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,946 shares of the technology company’s stock, valued at approximately $1,317,000.
A number of other institutional investors have also added to or reduced their stakes in AME. Janus Henderson Group PLC grew its position in AMTEK by 22,076.4% in the second quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after acquiring an additional 6,374,794 shares during the last quarter. Boston Partners grew its position in AMTEK by 21.7% in the third quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock valued at $345,618,000 after acquiring an additional 932,008 shares during the last quarter. Vanguard Group Inc. grew its position in AMTEK by 3.1% in the second quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after acquiring an additional 687,292 shares during the last quarter. SG Americas Securities LLC grew its position in AMTEK by 2,013.0% in the second quarter. SG Americas Securities LLC now owns 631,958 shares of the technology company’s stock valued at $38,278,000 after acquiring an additional 602,050 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of AMTEK during the second quarter worth about $15,287,000. Hedge funds and other institutional investors own 83.90% of the company’s stock.
Shares of AMTEK, Inc. (AME) opened at $70.24 on Friday. The firm has a market capitalization of $16,233.66, a PE ratio of 28.21, a PEG ratio of 2.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 1.59. AMTEK, Inc. has a twelve month low of $45.78 and a twelve month high of $71.24.
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, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The company had revenue of $1.08 billion for 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 business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. research analysts anticipate that AMTEK, Inc. will post 2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Tuesday, December 5th. AMTEK’s dividend payout ratio is currently 15.13%.
Several analysts have recently weighed in on AME shares. Jefferies Group LLC restated a “buy” rating and set a $66.00 price target on shares of AMTEK in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. boosted their price target on AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. BMO Capital Markets boosted their price target on AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, August 7th. Finally, BidaskClub cut AMTEK from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.80.
In related news, VP Thomas M. Montgomery sold 1,800 shares of AMTEK stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total value of $126,630.00. Following the transaction, the vice president now directly owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,955 shares of company stock worth $11,155,513. 2.10% of the stock is owned by insiders.
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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.
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