Bridge Creek Capital Management LLC Has $488,000 Position in Amtek Inc. (AME)
Bridge Creek Capital Management LLC continued to hold its position in shares of Amtek Inc. (NYSE:AME) during the second quarter, Holdings Channel reports. The firm owned 10,562 shares of the company’s stock at the end of the second quarter. Bridge Creek Capital Management LLC’s holdings in Amtek were worth $488,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of AME. Conning Inc. boosted its position in shares of Amtek by 1.8% in the second quarter. Conning Inc. now owns 5,603 shares of the company’s stock worth $259,000 after buying an additional 100 shares during the last quarter. ING Groep NV purchased a new position in shares of Amtek during the first quarter worth about $269,000. Magnetar Financial LLC purchased a new position in shares of Amtek during the first quarter worth about $271,000. Capital One National Association boosted its position in shares of Amtek by 7.7% in the second quarter. Capital One National Association now owns 7,858 shares of the company’s stock worth $363,000 after buying an additional 563 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Amtek during the first quarter worth about $455,000. 87.64% of the stock is owned by institutional investors and hedge funds.
Shares of Amtek Inc. (NYSE:AME) traded up 0.44% on Tuesday, reaching $45.65. The company’s stock had a trading volume of 1,008,538 shares. The company’s 50 day moving average price is $47.67 and its 200 day moving average price is $47.79. The company has a market cap of $10.61 billion, a P/E ratio of 19.09 and a beta of 1.21. Amtek Inc. has a 12-month low of $42.82 and a 12-month high of $57.00.
Amtek (NYSE:AME) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. Amtek had a return on equity of 17.53% and a net margin of 14.47%. The firm earned $977.70 million during the quarter, compared to analyst estimates of $986.35 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Amtek Inc. will post $2.30 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.79%. Amtek’s dividend payout ratio is currently 15.13%.
A number of equities analysts have issued reports on the company. Stifel Nicolaus lowered their target price on Amtek from $56.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 5th. BMO Capital Markets set a $53.00 price target on Amtek and gave the company a “buy” rating in a research note on Friday, August 5th. RBC Capital Markets reissued an “outperform” rating and issued a $53.00 price target (down previously from $56.00) on shares of Amtek in a research note on Friday, August 5th. Oppenheimer Holdings Inc. decreased their price target on Amtek from $56.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Finally, Jefferies Group decreased their price target on Amtek from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.09.
In other news, insider John Wesley Hardin sold 24,500 shares of Amtek stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $49.59, for a total value of $1,214,955.00. Following the transaction, the insider now owns 81,096 shares in the company, valued at $4,021,550.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Amtek Company Profile
AMETEK, Inc (AMETEK) is a manufacturer of electronic instruments and electromechanical devices. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.
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