AMTEK, Inc. (AME) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. lowered its position in shares of AMTEK, Inc. (NYSE:AME) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 328,712 shares of the technology company’s stock after selling 17,886 shares during the period. TD Asset Management Inc.’s holdings in AMTEK were worth $19,910,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in AME. BTIM Corp. increased its position in shares of AMTEK by 1.1% in the first quarter. BTIM Corp. now owns 63,450 shares of the technology company’s stock worth $3,431,000 after buying an additional 700 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of AMTEK by 2.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,172 shares of the technology company’s stock worth $312,000 after buying an additional 171 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of AMTEK by 36.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,550 shares of the technology company’s stock worth $1,274,000 after buying an additional 6,321 shares in the last quarter. Diversified Trust Co acquired a new position in shares of AMTEK during the first quarter worth about $238,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of AMTEK during the first quarter worth about $248,000. Institutional investors own 89.53% of the company’s stock.
Shares of AMTEK, Inc. (AME) opened at 62.58 on Friday. The company has a market capitalization of $14.44 billion, a PE ratio of 27.46 and a beta of 1.34. AMTEK, Inc. has a 52-week low of $43.98 and a 52-week high of $64.97. The firm’s 50-day moving average price is $61.84 and its 200 day moving average price is $57.74.
AMTEK (NYSE:AME) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that AMTEK, Inc. will post $2.52 earnings per share 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 paid a dividend of $0.09 per share. 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 0.58%. AMTEK’s dividend payout ratio is presently 15.79%.
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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and set a $66.00 price target on shares of AMTEK in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. boosted their price target on AMTEK from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. BMO Capital Markets boosted their price target on AMTEK from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded AMTEK from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. AMTEK presently has a consensus rating of “Buy” and a consensus target price of $65.09.
In other news, insider Timothy N. Jones sold 39,955 shares of the stock in a transaction that occurred on 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 directly owns 40,025 shares in the company, valued at $2,479,548.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas M. Montgomery sold 1,500 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $64.49, for a total transaction of $96,735.00. Following the transaction, the vice president now owns 21,747 shares in the company, valued at $1,402,464.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,370 shares of company stock worth $3,432,699. 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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