Riverhead Capital Management LLC decreased its position in shares of AMTEK, Inc. (NYSE:AME) by 95.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,368 shares of the company’s stock after selling 212,128 shares during the period. Riverhead Capital Management LLC’s holdings in AMTEK were worth $448,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in shares of AMTEK by 122.9% in the third quarter. Global X Management Co. LLC now owns 2,345 shares of the company’s stock worth $112,000 after buying an additional 1,293 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of AMTEK by 94.8% in the third quarter. Penserra Capital Management LLC now owns 2,413 shares of the company’s stock worth $114,000 after buying an additional 1,174 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of AMTEK by 112.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,700 shares of the company’s stock worth $129,000 after buying an additional 1,429 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of AMTEK by 65.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,314 shares of the company’s stock worth $153,000 after buying an additional 1,316 shares during the last quarter. Finally, Creative Planning raised its stake in shares of AMTEK by 1.1% in the third quarter. Creative Planning now owns 3,263 shares of the company’s stock worth $156,000 after buying an additional 37 shares during the last quarter. 87.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMTEK, Inc. (NYSE:AME) traded up 0.86% during trading on Wednesday, hitting $50.71. The stock had a trading volume of 2,030,767 shares. The stock has a market cap of $11.74 billion, a P/E ratio of 22.05 and a beta of 1.15. AMTEK, Inc. has a one year low of $42.82 and a one year high of $52.61. The stock’s 50 day moving average price is $49.49 and its 200-day moving average price is $47.69.
AMTEK (NYSE:AME) last posted its earnings results on Tuesday, November 1st. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. AMTEK had a net margin of 14.01% and a return on equity of 16.68%. The firm earned $945 million during the quarter, compared to the consensus estimate of $956.33 million. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts expect that AMTEK, Inc. will post $2.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, December 5th. This represents a $0.36 annualized dividend and a yield of 0.71%. AMTEK’s dividend payout ratio (DPR) is presently 15.72%.
A number of brokerages recently issued reports on AME. RBC Capital Markets set a $57.00 price target on AMTEK and gave the company a “buy” rating in a report on Wednesday, January 4th. Robert W. Baird upgraded AMTEK from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $47.00 to $57.00 in a report on Thursday, December 22nd. Cowen and Company upgraded AMTEK from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 4th. Janney Montgomery Scott began coverage on AMTEK in a report on Monday, October 24th. They issued a “buy” rating and a $56.00 price target for the company. Finally, Zacks Investment Research upgraded AMTEK from a “sell” rating to a “hold” rating in a report on Wednesday, November 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.82.
In related news, Director Elizebeth R. Varet sold 4,000 shares of AMTEK stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $49.22, for a total value of $196,880.00. Following the completion of the sale, the director now owns 123,840 shares in the company, valued at approximately $6,095,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.
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).