Sentry Investment Management LLC Acquires 157 Shares of AMTEK, Inc. (AME)
Sentry Investment Management LLC boosted its holdings in AMTEK, Inc. (NYSE:AME) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,008 shares of the technology company’s stock after buying an additional 157 shares during the period. Sentry Investment Management LLC’s holdings in AMTEK were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in AME. Stifel Financial Corp grew its stake in AMTEK by 33.2% in the 1st quarter. Stifel Financial Corp now owns 14,807 shares of the technology company’s stock valued at $802,000 after buying an additional 3,692 shares in the last quarter. Neuberger Berman Group LLC grew its stake in AMTEK by 19.1% in the 1st quarter. Neuberger Berman Group LLC now owns 7,243 shares of the technology company’s stock valued at $392,000 after buying an additional 1,160 shares in the last quarter. OppenheimerFunds Inc. grew its stake in AMTEK by 0.3% in the 1st quarter. OppenheimerFunds Inc. now owns 8,735 shares of the technology company’s stock valued at $472,000 after buying an additional 30 shares in the last quarter. Teachers Advisors LLC grew its stake in AMTEK by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 979,173 shares of the technology company’s stock valued at $52,954,000 after buying an additional 15,802 shares in the last quarter. Finally, Ngam Advisors L.P. grew its stake in AMTEK by 7.6% in the 1st quarter. Ngam Advisors L.P. now owns 22,343 shares of the technology company’s stock valued at $1,209,000 after buying an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.
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AMTEK, Inc. (AME) traded up 0.31% during mid-day trading on Friday, hitting $68.61. 81,039 shares of the stock were exchanged. AMTEK, Inc. has a 52 week low of $43.98 and a 52 week high of $68.83. The stock has a market capitalization of $15.83 billion, a PE ratio of 30.11 and a beta of 1.31. The company has a 50-day moving average of $65.89 and a 200-day moving average of $61.69.
AMTEK (NYSE:AME) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. AMTEK’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. On average, equities analysts predict that AMTEK, Inc. will post $2.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.53%. AMTEK’s payout ratio is 15.79%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of AMTEK from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Group LLC lifted their price objective on shares of AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of AMTEK in a research note on Friday, October 13th. Robert W. Baird reiterated a “buy” rating and issued a $70.00 price objective on shares of AMTEK in a research note on Friday, October 6th. Finally, Stifel Nicolaus set a $70.00 price objective on shares of AMTEK and gave the company a “buy” rating in a research note on Friday, October 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $67.82.
In related news, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $63.24, for a total transaction of $189,720.00. Following the completion of the transaction, the director now directly owns 117,880 shares of the company’s stock, valued at $7,454,731.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank S. Hermance sold 150,840 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $66.38, for a total transaction of $10,012,759.20. Following the transaction, the insider now directly owns 2,191,341 shares of the company’s stock, valued at $145,461,215.58. The disclosure for this sale can be found here. Insiders have sold 173,255 shares of company stock valued at $11,483,064 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.
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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