AHL Partners LLP raised its stake in shares of AMTEK, Inc. (NYSE:AME) by 28.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,825 shares of the technology company’s stock after purchasing an additional 8,862 shares during the period. AHL Partners LLP’s holdings in AMTEK were worth $2,412,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in AME. Commonwealth Bank of Australia raised its position in AMTEK by 17.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock worth $104,000 after purchasing an additional 263 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in AMTEK during the 2nd quarter worth $151,000. Acrospire Investment Management LLC raised its position in AMTEK by 104.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,550 shares of the technology company’s stock worth $154,000 after purchasing an additional 1,300 shares during the last quarter. Van ECK Associates Corp raised its position in AMTEK by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 3,008 shares of the technology company’s stock worth $163,000 after purchasing an additional 196 shares during the last quarter. Finally, QS Investors LLC raised its position in AMTEK by 0.9% during the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after purchasing an additional 25 shares during the last quarter. 85.62% of the stock is owned by institutional investors and hedge funds.
AME has been the subject of several analyst reports. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Tuesday, September 5th. Cowen and Company reissued an “outperform” rating and issued a $66.00 price objective (up from $62.00) on shares of AMTEK in a research report on Friday, July 7th. BMO Capital Markets lifted their price objective on AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, BidaskClub lowered AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.55.
TRADEMARK VIOLATION WARNING: “AHL Partners LLP Has $2.41 Million Position in AMTEK, Inc. (AME)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/10/12/ahl-partners-llp-has-2-41-million-position-in-amtek-inc-ame.html.
AMTEK, Inc. (NYSE:AME) opened at 66.97 on Thursday. AMTEK, Inc. has a 52-week low of $43.98 and a 52-week high of $67.38. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 29.39 and a beta of 1.31. The stock has a 50 day moving average price of $65.00 and a 200 day moving average price of $61.15.
AMTEK (NYSE:AME) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. AMTEK’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that AMTEK, Inc. will post $2.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, September 14th. AMTEK’s payout ratio is currently 15.79%.
In related news, insider Frank S. Hermance sold 150,840 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $66.38, for a total value of $10,012,759.20. Following the completion of the transaction, the insider now directly owns 2,191,341 shares of the company’s stock, valued at $145,461,215.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $66.30, for a total transaction of $198,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 173,255 shares of company stock valued at $11,483,064. 2.10% of the stock is owned by 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.
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).
What are top analysts saying about AMTEK Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AMTEK Inc. and related companies.