Candriam Luxembourg S.C.A. Decreases Holdings in Amphenol Co. (APH)
Candriam Luxembourg S.C.A. lowered its position in Amphenol Co. (NYSE:APH) by 8.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 26,640 shares of the electronics maker’s stock after selling 2,536 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Amphenol were worth $2,505,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its holdings in shares of Amphenol by 4.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 13,072 shares of the electronics maker’s stock worth $1,139,000 after acquiring an additional 544 shares during the period. Perennial Advisors LLC raised its holdings in shares of Amphenol by 1.8% during the 2nd quarter. Perennial Advisors LLC now owns 31,944 shares of the electronics maker’s stock worth $2,784,000 after acquiring an additional 550 shares during the period. Comerica Securities Inc. raised its holdings in shares of Amphenol by 13.1% during the 3rd quarter. Comerica Securities Inc. now owns 5,054 shares of the electronics maker’s stock worth $476,000 after acquiring an additional 586 shares during the period. First Bank & Trust raised its holdings in shares of Amphenol by 6.5% during the 2nd quarter. First Bank & Trust now owns 9,744 shares of the electronics maker’s stock worth $849,000 after acquiring an additional 596 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Amphenol by 1.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,001 shares of the electronics maker’s stock worth $3,748,000 after acquiring an additional 630 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.
Several research firms have recently commented on APH. Morgan Stanley upgraded Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $102.00 in a report on Thursday, August 9th. Stifel Nicolaus raised their price objective on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Goldman Sachs Group started coverage on Amphenol in a research report on Tuesday, October 9th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Amphenol has an average rating of “Hold” and a consensus target price of $98.33.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. On average, sell-side analysts forecast that Amphenol Co. will post 3.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 17th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, December 14th. Amphenol’s payout ratio is 29.49%.
In other Amphenol news, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the completion of the transaction, the vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $261,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 7,500 shares of Amphenol stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $95.51, for a total value of $716,325.00. Following the completion of the transaction, the vice president now directly owns 7,500 shares of the company’s stock, valued at $716,325. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by company insiders.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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