Public Employees Retirement Association of Colorado Lowers Position in Amphenol Co. (NYSE:APH)

Public Employees Retirement Association of Colorado reduced its stake in Amphenol Co. (NYSE:APH) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,840,694 shares of the electronics maker’s stock after selling 76,666 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Amphenol were worth $127,836,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. NZS Capital LLC increased its position in shares of Amphenol by 6.8% during the fourth quarter. NZS Capital LLC now owns 973,265 shares of the electronics maker’s stock valued at $67,593,000 after acquiring an additional 62,212 shares during the last quarter. Quarry LP boosted its position in shares of Amphenol by 138.1% during the 4th quarter. Quarry LP now owns 3,031 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 1,758 shares during the period. Johnson Financial Group Inc. increased its holdings in Amphenol by 8.3% in the 4th quarter. Johnson Financial Group Inc. now owns 48,958 shares of the electronics maker’s stock valued at $3,465,000 after purchasing an additional 3,765 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Amphenol in the fourth quarter valued at approximately $25,537,000. Finally, Virtus ETF Advisers LLC lifted its stake in Amphenol by 20.9% during the fourth quarter. Virtus ETF Advisers LLC now owns 16,758 shares of the electronics maker’s stock worth $1,164,000 after purchasing an additional 2,893 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $75.81 on Friday. The stock has a market cap of $91.87 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a fifty day simple moving average of $65.53 and a 200-day simple moving average of $68.98. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the firm posted $0.40 EPS. Equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. Amphenol’s payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $85.00 price objective (up from $78.00) on shares of Amphenol in a research note on Thursday. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research report on Thursday. Citigroup increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday. Finally, Robert W. Baird increased their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.58.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.