Oppenheimer & Co. Inc. decreased its stake in AMTEK, Inc. (NYSE:AME) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,170 shares of the technology company’s stock after selling 1,850 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AMTEK were worth $919,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Swiss National Bank lifted its position in AMTEK by 2.3% in the 2nd quarter. Swiss National Bank now owns 838,493 shares of the technology company’s stock worth $50,788,000 after buying an additional 18,600 shares in the last quarter. Principal Financial Group Inc. lifted its position in AMTEK by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 362,029 shares of the technology company’s stock worth $21,929,000 after buying an additional 3,431 shares in the last quarter. Keybank National Association OH lifted its position in AMTEK by 4.0% in the 2nd quarter. Keybank National Association OH now owns 4,742 shares of the technology company’s stock worth $287,000 after buying an additional 181 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in AMTEK in the 2nd quarter worth approximately $384,000. Finally, Neuberger Berman Group LLC lifted its position in AMTEK by 2,903.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 217,538 shares of the technology company’s stock worth $13,176,000 after buying an additional 210,295 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
AMTEK, Inc. (NYSE:AME) opened at 64.05 on Monday. AMTEK, Inc. has a 52 week low of $43.98 and a 52 week high of $64.97. The stock’s 50 day moving average is $62.81 and its 200 day moving average is $59.17. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 28.10 and a beta of 1.31.
AMTEK (NYSE:AME) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts expect that AMTEK, Inc. will post $2.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio is presently 15.79%.
In other news, VP Thomas M. Montgomery sold 1,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.49, for a total value of $96,735.00. Following the sale, the vice president now owns 21,747 shares of the company’s stock, valued at $1,402,464.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total transaction of $189,720.00. Following the completion of the sale, the director now directly owns 117,880 shares in the company, valued at approximately $7,454,731.20. The disclosure for this sale can be found here. In the last three months, insiders sold 7,100 shares of company stock worth $454,181. 2.10% of the stock is currently owned by insiders.
A number of research firms have issued reports on AME. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets increased their target price on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. increased their target price on shares of AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price on shares of AMTEK in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.00.
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).
Receive News & Ratings for AMTEK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.