AMTEK, Inc. (NYSE:AME) Shares Sold by Sei Investments Co.
Sei Investments Co. lowered its position in shares of AMTEK, Inc. (NYSE:AME) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 166,135 shares of the technology company’s stock after selling 12,533 shares during the period. Sei Investments Co.’s holdings in AMTEK were worth $10,063,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. TLP Group LLC increased its position in shares of AMTEK by 83.8% in the first quarter. TLP Group LLC now owns 7,092 shares of the technology company’s stock worth $384,000 after buying an additional 3,234 shares during the period. Commerce Bank increased its position in AMTEK by 4.2% in the first quarter. Commerce Bank now owns 29,192 shares of the technology company’s stock valued at $1,579,000 after buying an additional 1,187 shares during the last quarter. Janney Montgomery Scott LLC increased its position in AMTEK by 47.8% in the first quarter. Janney Montgomery Scott LLC now owns 7,873 shares of the technology company’s stock valued at $426,000 after buying an additional 2,548 shares during the last quarter. Harvey Investment Co. LLC increased its position in AMTEK by 18.0% in the first quarter. Harvey Investment Co. LLC now owns 25,799 shares of the technology company’s stock valued at $1,395,000 after buying an additional 3,935 shares during the last quarter. Finally, Intrust Bank NA increased its position in AMTEK by 13.5% in the first quarter. Intrust Bank NA now owns 4,755 shares of the technology company’s stock valued at $257,000 after buying an additional 564 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.
Shares of AMTEK, Inc. (NYSE:AME) opened at 62.74 on Friday. AMTEK, Inc. has a 12 month low of $43.98 and a 12 month high of $64.97. The company has a market capitalization of $14.48 billion, a P/E ratio of 27.53 and a beta of 1.34. The stock’s 50 day moving average is $61.79 and its 200 day moving average is $57.65.
AMTEK (NYSE:AME) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $0.59 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that AMTEK, Inc. will post $2.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 14th. AMTEK’s dividend payout ratio is currently 15.79%.
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Several research analysts have weighed in on AME shares. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price target (up from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $67.00 price target (up from $65.00) on shares of AMTEK in a research report on Wednesday, May 3rd. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price target (up from $62.00) on shares of AMTEK in a research report on Friday, July 7th. Finally, Morgan Stanley increased their price target 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. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. AMTEK has a consensus rating of “Buy” and a consensus price target of $65.09.
In related news, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $61.96, for a total value of $185,880.00. Following the completion of the transaction, the director now directly owns 123,880 shares in the company, valued at approximately $7,675,604.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Wesley Hardin sold 2,600 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $64.51, for a total transaction of $167,726.00. Following the completion of the transaction, the insider now owns 59,698 shares of the company’s stock, valued at $3,851,117.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,370 shares of company stock valued at $3,432,699. Company insiders own 2.10% of the company’s stock.
AMTEK Company Profile
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.
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