Nordea Investment Management AB decreased its position in shares of Amtek Inc. (NYSE:AME) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,694 shares of the company’s stock after selling 307 shares during the period. Nordea Investment Management AB’s holdings in Amtek were worth $4,470,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the stock. Conning Inc. raised its position in shares of Amtek by 1.8% in the second quarter. Conning Inc. now owns 5,603 shares of the company’s stock valued at $259,000 after buying an additional 100 shares in the last quarter. ING Groep NV acquired a new position in shares of Amtek during the first quarter valued at $269,000. Magnetar Financial LLC acquired a new position in shares of Amtek during the first quarter valued at $271,000. Capital One National Association raised its position in shares of Amtek by 7.7% in the second quarter. Capital One National Association now owns 7,858 shares of the company’s stock valued at $363,000 after buying an additional 563 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Amtek during the first quarter valued at $455,000. Institutional investors and hedge funds own 87.64% of the company’s stock.
Shares of Amtek Inc. (NYSE:AME) traded up 0.48% on Tuesday, hitting $45.67. The stock had a trading volume of 807,885 shares. Amtek Inc. has a one year low of $42.82 and a one year high of $57.00. The stock has a market cap of $10.61 billion, a PE ratio of 19.10 and a beta of 1.21. The company’s 50 day moving average is $47.67 and its 200 day moving average is $47.79.
Amtek (NYSE:AME) last announced its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Amtek had a net margin of 14.47% and a return on equity of 17.53%. The business earned $977.70 million during the quarter, compared to the consensus estimate of $986.35 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts predict that Amtek Inc. will post $2.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.36 annualized dividend and a yield of 0.79%. Amtek’s dividend payout ratio is currently 15.13%.
Several brokerages recently weighed in on AME. Stifel Nicolaus cut their price target on Amtek from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, August 5th. RBC Capital Markets restated an “outperform” rating and issued a $53.00 price target (down previously from $56.00) on shares of Amtek in a research note on Friday, August 5th. Royal Bank Of Canada cut their price target on Amtek from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Oppenheimer Holdings Inc. cut their price target on Amtek from $56.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Finally, Jefferies Group cut their price target on Amtek from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.09.
In related news, insider John Wesley Hardin sold 24,500 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $49.59, for a total transaction of $1,214,955.00. Following the completion of the transaction, the insider now directly owns 81,096 shares of the company’s stock, valued at $4,021,550.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.
Amtek Company Profile
AMETEK, Inc (AMETEK) is a manufacturer of electronic instruments and electromechanical devices. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power and industrial 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.