Caisse DE Depot ET Placement DU Quebec lifted its position in shares of AMTEK, Inc. (NYSE:AME) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,506 shares of the technology company’s stock after acquiring an additional 800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in AMTEK were worth $697,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its holdings in AMTEK by 17.7% in the second quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock valued at $104,000 after purchasing an additional 263 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in AMTEK in the second quarter valued at about $107,000. Edmond DE Rothschild Holding S.A. bought a new stake in AMTEK in the second quarter valued at about $151,000. Acrospire Investment Management LLC increased its holdings in AMTEK by 104.0% in the second quarter. Acrospire Investment Management LLC now owns 2,550 shares of the technology company’s stock valued at $154,000 after purchasing an additional 1,300 shares during the last quarter. Finally, QS Investors LLC increased its holdings in AMTEK by 0.9% in the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 84.40% of the company’s stock.
AMTEK, Inc. (AME) opened at $70.96 on Friday. AMTEK, Inc. has a 52 week low of $48.21 and a 52 week high of $73.06. 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 stock has a market capitalization of $16,573.41, a PE ratio of 28.80, a price-to-earnings-growth ratio of 2.34 and a beta of 1.36.
AMTEK (NYSE:AME) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. equities research analysts predict that AMTEK, Inc. will post 2.58 EPS for the current 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 paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.51%. AMTEK’s payout ratio is 15.13%.
A number of equities research analysts recently commented on AME shares. Robert W. Baird upped their price objective on AMTEK from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Jefferies Group upped their price objective on AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded AMTEK from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Morgan Stanley upped their price objective on AMTEK from $64.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus set a $70.00 price objective on AMTEK and gave the company a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. AMTEK presently has an average rating of “Buy” and an average price target of $72.00.
In other news, Director Elizebeth R. Varet sold 3,050 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total transaction of $219,081.50. Following the completion of the transaction, the director now directly owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Zapico sold 25,965 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $71.77, for a total value of $1,863,508.05. Following the transaction, the insider now directly owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,970 shares of company stock valued at $13,238,102. Insiders own 2.10% of the company’s stock.
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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