Acropolis Investment Management LLC bought a new stake in shares of AMTEK, Inc. (NYSE:AME) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,487 shares of the technology company’s stock, valued at approximately $108,000.
Several other large investors have also bought and sold shares of the company. Bright Rock Capital Management LLC acquired a new stake in shares of AMTEK during the 4th quarter valued at about $1,449,000. Leavell Investment Management Inc. grew its position in shares of AMTEK by 16.7% during the 4th quarter. Leavell Investment Management Inc. now owns 6,384 shares of the technology company’s stock valued at $463,000 after acquiring an additional 915 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of AMTEK during the 4th quarter valued at about $415,000. DnB Asset Management AS grew its position in shares of AMTEK by 10.7% during the 4th quarter. DnB Asset Management AS now owns 38,158 shares of the technology company’s stock valued at $2,765,000 after acquiring an additional 3,700 shares during the period. Finally, Atlantic Trust Group LLC grew its position in shares of AMTEK by 3.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 224,437 shares of the technology company’s stock valued at $14,821,000 after acquiring an additional 8,049 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.
AMTEK, Inc. (NYSE AME) opened at $75.20 on Friday. The firm has a market cap of $17,234.41, a PE ratio of 31.60, a P/E/G ratio of 2.19 and a beta of 1.36. AMTEK, Inc. has a 12 month low of $49.93 and a 12 month high of $75.42. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Tuesday, December 5th. AMTEK’s dividend payout ratio is presently 15.13%.
In other AMTEK news, insider David A. Zapico sold 25,965 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $71.77, for a total value of $1,863,508.05. Following the transaction, the insider now directly owns 200,548 shares of the company’s stock, valued at approximately $14,393,329.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 19,947 shares in the company, valued at $1,403,271.45. The disclosure for this sale can be found here. Insiders sold a total of 30,815 shares of company stock worth $2,209,220 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.
A number of equities research analysts have 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 on the stock 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. AMTEK currently has an average rating of “Buy” and an average target price of $74.00.
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AMTEK Company Profile
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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