Quadrant Capital Group LLC Has $181,000 Position in Amphenol Corp. (APH)
Quadrant Capital Group LLC raised its stake in Amphenol Corp. (NYSE:APH) by 3.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,215 shares of the company’s stock after buying an additional 99 shares during the period. Quadrant Capital Group LLC’s holdings in Amphenol Corp. were worth $181,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of Amphenol Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,917,217 shares of the company’s stock worth $457,773,000 after buying an additional 128,331 shares during the period. Wellington Management Group LLP boosted its position in shares of Amphenol Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 2,919,191 shares of the company’s stock worth $168,788,000 after buying an additional 156,760 shares during the period. Geode Capital Management LLC boosted its position in shares of Amphenol Corp. by 2.9% in the first quarter. Geode Capital Management LLC now owns 2,477,517 shares of the company’s stock worth $142,957,000 after buying an additional 68,792 shares during the period. BlackRock Group LTD boosted its position in shares of Amphenol Corp. by 2.4% in the first quarter. BlackRock Group LTD now owns 2,395,085 shares of the company’s stock worth $138,485,000 after buying an additional 56,528 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in shares of Amphenol Corp. by 11.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,366,500 shares of the company’s stock worth $79,011,000 after buying an additional 144,200 shares during the period. 96.81% of the stock is currently owned by institutional investors.
Shares of Amphenol Corp. (NYSE:APH) traded up 0.96% during trading on Thursday, hitting $65.52. 1,008,861 shares of the stock were exchanged. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 26.95 and a beta of 1.07. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $65.77. The stock’s 50 day moving average price is $62.89 and its 200 day moving average price is $59.17.
Amphenol Corp. (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. Amphenol Corp.’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. On average, equities analysts predict that Amphenol Corp. will post $2.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.85%. Amphenol Corp.’s payout ratio is currently 23.05%.
A number of research analysts recently issued reports on APH shares. Zacks Investment Research raised shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Friday, July 22nd. Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $70.00 in a research note on Tuesday, September 20th. RBC Capital Markets reissued a “top pick” rating and issued a $66.00 price objective (up from $65.00) on shares of Amphenol Corp. in a research note on Tuesday, September 20th. Finally, Royal Bank Of Canada lifted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research note on Thursday, July 21st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.11.
In related news, CFO Craig A. Lampo sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $60.07, for a total transaction of $1,321,540.00. Following the sale, the chief financial officer now directly owns 35,000 shares in the company, valued at approximately $2,102,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diana G. Reardon sold 240,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $61.69, for a total transaction of $14,805,600.00. Following the sale, the director now owns 240,000 shares in the company, valued at $14,805,600. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
About Amphenol Corp.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.
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