Concert Wealth Management Inc. Takes Position in Amphenol Corp. (APH)
Concert Wealth Management Inc. acquired a new position in shares of Amphenol Corp. (NYSE:APH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,489 shares of the company’s stock, valued at approximately $372,000.
Several other hedge funds also recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock worth $181,000 after buying an additional 99 shares during the last quarter. LMR Partners LLP bought a new stake in Amphenol Corp. during the second quarter worth approximately $448,000. Montag & Caldwell LLC raised its stake in Amphenol Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 13,244 shares of the company’s stock worth $759,000 after buying an additional 40 shares during the last quarter. Huntington National Bank raised its stake in Amphenol Corp. by 359.6% in the second quarter. Huntington National Bank now owns 4,545 shares of the company’s stock worth $261,000 after buying an additional 3,556 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in Amphenol Corp. by 9.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 11,597 shares of the company’s stock worth $665,000 after buying an additional 1,026 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Corp. (NYSE:APH) traded up 0.41% during trading on Friday, hitting $63.56. The stock had a trading volume of 1,197,414 shares. Amphenol Corp. has a 1-year low of $44.50 and a 1-year high of $65.79. The firm’s 50 day moving average is $63.49 and its 200 day moving average is $59.45. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 26.15 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. Amphenol Corp.’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, analysts anticipate that Amphenol Corp. will post $2.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Amphenol Corp.’s dividend payout ratio (DPR) is presently 23.05%.
A number of analysts recently commented on the company. Zacks Investment Research lowered Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets reissued a “top pick” rating and issued a $66.00 price target (up from $65.00) on shares of Amphenol Corp. in a research note on Tuesday, September 20th. Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Finally, Royal Bank Of Canada raised their price target on Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. Five 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. Amphenol Corp. has an average rating of “Buy” and a consensus price target of $68.11.
In other news, VP Patrick Gillard sold 30,000 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the sale, the vice president now directly owns 6,400 shares of the company’s stock, valued at $377,984. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William J. Doherty sold 26,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $59.89, for a total value of $1,557,140.00. Following the sale, the vice president now directly owns 6,800 shares in the company, valued at $407,252. The disclosure for this sale can be found here. 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.
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corp. (NYSE:APH).
Receive News & Ratings for Amphenol Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corp. and related companies with MarketBeat.com's FREE daily email newsletter.