UBS Asset Management Americas Inc. Bought 886,502 Shares of Amphenol Co. (APH)

UBS Asset Management Americas Inc. Bought 886,502 Shares of Amphenol Co. (APH)

UBS Asset Management Americas Inc. raised its position in shares of Amphenol Co. (NYSE:APH) by 103.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,745,948 shares of the company’s stock after buying an additional 886,502 shares during the period. UBS Asset Management Americas Inc. owned 0.57% of Amphenol worth $117,330,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in APH. Clark Capital Management Group Inc. boosted its position in shares of Amphenol by 1.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 3,156 shares of the company’s stock worth $212,000 after buying an additional 45 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Amphenol by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,683 shares of the company’s stock worth $1,188,000 after buying an additional 51 shares during the last quarter. South Texas Money Management Ltd. boosted its position in shares of Amphenol by 1.7% in the third quarter. South Texas Money Management Ltd. now owns 4,608 shares of the company’s stock worth $299,000 after buying an additional 77 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Amphenol by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 7,893 shares of the company’s stock worth $512,000 after buying an additional 111 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Amphenol by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,766 shares of the company’s stock worth $3,546,000 after buying an additional 138 shares during the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Amphenol Co. (NYSE:APH) opened at 71.17 on Friday. The company’s 50 day moving average is $70.41 and its 200-day moving average is $67.50. Amphenol Co. has a one year low of $54.94 and a one year high of $71.98. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 27.27 and a beta of 0.86.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. Amphenol had a net margin of 13.09% and a return on equity of 23.73%. The firm earned $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Equities analysts expect that Amphenol Co. will post $2.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Monday, March 20th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, March 16th. Amphenol’s dividend payout ratio (DPR) is currently 24.52%.

APH has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. Citigroup Inc reissued a “buy” rating and set a $80.00 price target on shares of Amphenol in a research report on Thursday, January 26th. Royal Bank of Canada lifted their price target on shares of Amphenol from $71.00 to $75.00 and gave the stock a “top pick” rating in a research report on Thursday, March 2nd. Finally, Cowen and Company initiated coverage on shares of Amphenol in a research report on Tuesday, March 21st. They set an “outperform” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Amphenol has a consensus rating of “Buy” and a consensus target price of $73.17.

About Amphenol

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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