Boston Partners Has $260.54 Million Stake in AMTEK, Inc. (NYSE:AME)
Boston Partners increased its stake in AMTEK, Inc. (NYSE:AME) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,301,460 shares of the technology company’s stock after buying an additional 862,044 shares during the period. Boston Partners’ holdings in AMTEK were worth $260,539,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in AME. Schwab Charles Investment Management Inc. increased its stake in AMTEK by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 770,795 shares of the technology company’s stock valued at $46,688,000 after buying an additional 47,517 shares during the period. Trexquant Investment LP bought a new stake in AMTEK during the second quarter valued at approximately $345,000. Global X Management Co. LLC increased its stake in AMTEK by 41.6% in the second quarter. Global X Management Co. LLC now owns 5,233 shares of the technology company’s stock valued at $317,000 after buying an additional 1,538 shares during the period. BP PLC bought a new stake in AMTEK during the second quarter valued at approximately $1,635,000. Finally, Palisade Capital Management LLC NJ bought a new stake in AMTEK during the second quarter valued at approximately $200,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.
AMTEK, Inc. (NYSE:AME) opened at 62.74 on Friday. The stock’s 50 day moving average price is $61.79 and its 200-day moving average price is $57.65. The company has a market capitalization of $14.48 billion, a P/E ratio of 27.53 and a beta of 1.34. AMTEK, Inc. has a one year low of $43.98 and a one year high of $64.97.
AMTEK (NYSE:AME) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a return on equity of 16.28% and a net margin of 13.26%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. Equities analysts forecast that AMTEK, Inc. will post $2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.57%. AMTEK’s payout ratio is 15.79%.
Several equities research analysts have commented on the company. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday. BMO Capital Markets boosted their target price on AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. boosted their target price on AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price on shares of AMTEK in a report on Thursday, August 3rd. Finally, BidaskClub downgraded AMTEK from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. AMTEK has a consensus rating of “Buy” and an average price target of $65.09.
In other news, insider Ronald J. Oscher sold 5,315 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $60.05, for a total value of $319,165.75. Following the completion of the sale, the insider now owns 32,131 shares of the company’s stock, valued at approximately $1,929,466.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy N. Jones sold 39,955 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $61.95, for a total value of $2,475,212.25. Following the completion of the sale, the insider now directly owns 40,025 shares of the company’s stock, valued at approximately $2,479,548.75. The disclosure for this sale can be found here. Insiders sold a total of 55,370 shares of company stock valued at $3,432,699 in the last three months. 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.
Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMTEK, Inc. (NYSE:AME).
Receive News & Ratings for AMTEK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.