AMTEK, Inc. (NYSE:AME) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

AME has been the subject of a number of other research reports. Morgan Stanley lifted their target price on shares of AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. lifted their price target on shares of AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. BMO Capital Markets reiterated a “buy” rating and set a $67.00 price target on shares of AMTEK in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Monday, June 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $67.00 price target on shares of AMTEK in a research note on Tuesday, June 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. AMTEK has a consensus rating of “Buy” and a consensus price target of $65.09.

AMTEK (NYSE:AME) traded up 0.30% during trading on Friday, reaching $62.93. The company had a trading volume of 213,818 shares. AMTEK has a 12-month low of $43.98 and a 12-month high of $64.97. The firm has a market capitalization of $14.52 billion, a PE ratio of 27.61 and a beta of 1.34. The firm’s 50 day moving average price is $61.79 and its 200 day moving average price is $57.65.

AMTEK (NYSE:AME) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that AMTEK will post $2.52 EPS for the current year.

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In related news, insider John Wesley Hardin sold 2,600 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $64.51, for a total transaction of $167,726.00. Following the transaction, the insider now directly owns 59,698 shares in the company, valued at approximately $3,851,117.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy N. Jones sold 39,955 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $61.95, for a total transaction of $2,475,212.25. Following the transaction, the insider now owns 40,025 shares in the company, valued at $2,479,548.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,370 shares of company stock worth $3,432,699. Insiders own 2.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in AMTEK by 3,109.3% in the first quarter. BlackRock Inc. now owns 13,823,451 shares of the technology company’s stock valued at $747,572,000 after buying an additional 13,392,716 shares during the period. Boston Partners boosted its stake in AMTEK by 534.8% in the first quarter. Boston Partners now owns 3,439,416 shares of the technology company’s stock valued at $186,004,000 after buying an additional 2,897,568 shares during the period. American Century Companies Inc. boosted its stake in AMTEK by 115.2% in the first quarter. American Century Companies Inc. now owns 2,777,068 shares of the technology company’s stock valued at $150,184,000 after buying an additional 1,486,889 shares during the period. Wellington Management Group LLP boosted its stake in AMTEK by 9.0% in the first quarter. Wellington Management Group LLP now owns 10,528,307 shares of the technology company’s stock valued at $569,372,000 after buying an additional 868,895 shares during the period. Finally, FMR LLC boosted its stake in AMTEK by 3.4% in the first quarter. FMR LLC now owns 21,688,705 shares of the technology company’s stock valued at $1,172,925,000 after buying an additional 717,489 shares during the period. 89.53% of the stock is owned by institutional investors.

About AMTEK

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.

Analyst Recommendations for AMTEK (NYSE:AME)

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