Commerzbank Aktiengesellschaft FI lifted its position in AMTEK, Inc. (NYSE:AME) by 24.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,878 shares of the technology company’s stock after acquiring an additional 1,169 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in AMTEK were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Commonwealth Bank of Australia boosted its stake in AMTEK by 17.7% during the second quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock worth $104,000 after buying an additional 263 shares during the last quarter. BB&T Investment Services Inc. acquired a new position in AMTEK during the second quarter worth $107,000. Edmond DE Rothschild Holding S.A. acquired a new position in AMTEK during the second quarter worth $151,000. Acrospire Investment Management LLC boosted its stake in AMTEK by 104.0% during the second quarter. Acrospire Investment Management LLC now owns 2,550 shares of the technology company’s stock worth $154,000 after buying an additional 1,300 shares during the last quarter. Finally, QS Investors LLC boosted its stake in AMTEK by 0.9% during the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after buying an additional 25 shares during the last quarter. 84.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMTEK, Inc. (NYSE:AME) opened at $71.74 on Monday. AMTEK, Inc. has a 1 year low of $48.21 and a 1 year high of $73.06. 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 company has a market capitalization of $16,580.35, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.34 and a beta of 1.36.
AMTEK (NYSE:AME) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. equities research analysts expect that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders 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 0.50%. AMTEK’s dividend payout ratio is currently 15.13%.
A number of research firms have weighed in on AME. Zacks Investment Research lowered AMTEK from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price objective on shares of AMTEK in a research note on Friday, October 13th. BMO Capital Markets boosted their price objective on AMTEK from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Oppenheimer boosted their price objective on AMTEK to $75.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.80.
In related news, VP Thomas M. Montgomery sold 1,800 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total value of $126,630.00. Following the sale, the vice president now owns 19,947 shares in the company, valued at approximately $1,403,271.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizebeth R. Varet sold 3,050 shares of the business’s stock in a transaction 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 owns 117,930 shares in the company, valued at approximately $8,470,911.90. The disclosure for this sale can be found here. Insiders sold 171,005 shares of company stock worth $11,374,594 in the last 90 days. Company insiders own 2.10% of the company’s stock.
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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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