Jane Street Group LLC lessened its holdings in shares of Amphenol Corporation (NYSE:APH) by 58.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,795 shares of the electronics maker’s stock after selling 9,463 shares during the quarter. Jane Street Group LLC’s holdings in Amphenol were worth $575,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of APH. Dupont Capital Management Corp purchased a new position in shares of Amphenol during the 2nd quarter valued at about $109,000. People s United Financial Inc. raised its holdings in shares of Amphenol by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Amphenol by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Amphenol during the 2nd quarter valued at about $148,000. Finally, Cribstone Capital Management LLC raised its holdings in shares of Amphenol by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Amphenol Corporation (NYSE APH) opened at $89.13 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $91.26. The stock has a market capitalization of $27,245.41, a P/E ratio of 28.33, a PEG ratio of 2.51 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is presently 24.20%.
In related news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the sale, the director now directly owns 260,000 shares in the company, valued at $23,589,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 10,000 shares of Amphenol stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.51, for a total value of $895,100.00. Following the sale, the chief financial officer now owns 35,000 shares in the company, valued at $3,132,850. The disclosure for this sale can be found here. Insiders have sold 849,000 shares of company stock worth $75,518,690 over the last three months. Insiders own 2.51% of the company’s stock.
A number of equities analysts have commented on the company. Royal Bank of Canada reaffirmed a “top pick” rating and issued a $85.00 price target (up from $81.00) on shares of Amphenol in a research note on Tuesday, August 29th. Cowen reaffirmed an “outperform” rating and issued a $95.00 price target (up from $85.00) on shares of Amphenol in a research note on Tuesday, October 10th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Thursday, August 24th. Finally, Deutsche Bank lifted their price target on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Amphenol presently has a consensus rating of “Buy” and a consensus price target of $87.90.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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