LMR Partners LLP cut its position in shares of AMTEK, Inc. (NYSE:AME) by 66.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,835 shares of the technology company’s stock after selling 13,549 shares during the period. LMR Partners LLP’s holdings in AMTEK were worth $451,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in shares of AMTEK by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the technology company’s stock worth $866,000 after acquiring an additional 200 shares during the last quarter. US Bancorp DE lifted its stake in shares of AMTEK by 13.6% during the 2nd quarter. US Bancorp DE now owns 11,323 shares of the technology company’s stock worth $686,000 after acquiring an additional 1,358 shares during the last quarter. Strs Ohio increased its holdings in AMTEK by 39.9% during the 2nd quarter. Strs Ohio now owns 17,643 shares of the technology company’s stock worth $1,068,000 after purchasing an additional 5,030 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in AMTEK by 24.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,012 shares of the technology company’s stock worth $243,000 after purchasing an additional 783 shares during the period. Finally, Sumitomo Life Insurance Co. increased its holdings in AMTEK by 112.8% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 17,692 shares of the technology company’s stock worth $1,072,000 after purchasing an additional 9,380 shares during the period. 84.25% of the stock is owned by institutional investors.
AMTEK, Inc. (NYSE:AME) opened at $71.04 on Thursday. The company has a market capitalization of $16,420.88, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.32 and a beta of 1.36. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. AMTEK, Inc. has a twelve month low of $48.21 and a twelve month high of $73.06.
AMTEK (NYSE:AME) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $0.56 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. equities analysts expect that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a $0.09 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.51%. AMTEK’s payout ratio is currently 15.13%.
A number of research analysts have recently issued reports on AME shares. Zacks Investment Research downgraded AMTEK from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Royal Bank Of Canada restated a “buy” rating and set a $70.00 target price on shares of AMTEK in a research note on Friday, October 13th. BidaskClub cut AMTEK from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets boosted their price objective on AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Oppenheimer upped their price target on AMTEK to $75.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $71.80.
In other AMTEK news, Director Elizebeth R. Varet sold 3,050 shares of AMTEK stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the sale, the director now directly owns 117,930 shares of the company’s stock, valued at approximately $8,470,911.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas M. Montgomery sold 1,800 shares of AMTEK 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 sale, the vice president now directly owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,005 shares of company stock valued at $11,374,594. 2.10% of the stock is owned by insiders.
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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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