Bright Rock Capital Management LLC bought a new stake in AMTEK, Inc. (NYSE:AME) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,000 shares of the technology company’s stock, valued at approximately $1,449,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AME. Janus Henderson Group PLC grew its holdings in AMTEK by 22,076.4% in the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after buying an additional 6,374,794 shares during the last quarter. Boston Partners lifted its position in shares of AMTEK by 21.7% in the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after acquiring an additional 932,008 shares during the period. Vanguard Group Inc. lifted its position in shares of AMTEK by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock worth $1,367,497,000 after acquiring an additional 687,292 shares during the period. Balyasny Asset Management LLC bought a new stake in shares of AMTEK in the 2nd quarter worth approximately $15,287,000. Finally, Westfield Capital Management Co. LP lifted its position in shares of AMTEK by 9.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,843,212 shares of the technology company’s stock worth $187,766,000 after acquiring an additional 244,892 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMTEK, Inc. (NYSE AME) traded down $0.28 on Thursday, reaching $73.72. The company’s stock had a trading volume of 789,100 shares, compared to its average volume of 1,258,514. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. AMTEK, Inc. has a 52-week low of $49.54 and a 52-week high of $74.50. The company has a market cap of $17,040.00, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.36.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were paid a $0.09 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.49%. AMTEK’s dividend payout ratio (DPR) is currently 15.13%.
In related news, VP Thomas M. Montgomery sold 1,800 shares of AMTEK stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the completion of the sale, the vice president now directly owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Zapico sold 25,965 shares of AMTEK stock in a transaction on Monday, December 11th. The stock was sold at an average price of $71.77, for a total value of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares of the company’s stock, valued at $14,393,329.96. The disclosure for this sale can be found here. Insiders sold a total of 30,815 shares of company stock valued at $2,209,220 over the last three months. Insiders own 2.10% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, January 4th. Cowen restated a “buy” rating and set a $80.00 target price on shares of AMTEK in a research report on Friday, December 22nd. Oppenheimer restated a “buy” rating and set a $75.00 target price on shares of AMTEK in a research report on Thursday, December 21st. BMO Capital Markets restated a “buy” rating and set a $80.00 target price on shares of AMTEK in a research report on Monday, December 11th. Finally, Stifel Nicolaus restated a “buy” rating on shares of AMTEK in a research report on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. AMTEK has an average rating of “Buy” and a consensus target price of $74.00.
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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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