Capital Asset Advisory Services LLC Increases Position in Amphenol Co. (NYSE:APH)

Capital Asset Advisory Services LLC lifted its holdings in shares of Amphenol Co. (NYSE:APHGet Rating) by 52.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,710 shares of the electronics maker’s stock after acquiring an additional 3,347 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Amphenol were worth $851,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Long Island Investors LLC purchased a new stake in shares of Amphenol during the fourth quarter worth about $264,000. Toronto Dominion Bank increased its position in shares of Amphenol by 4.3% during the fourth quarter. Toronto Dominion Bank now owns 406,727 shares of the electronics maker’s stock worth $35,568,000 after acquiring an additional 16,602 shares during the last quarter. Congress Wealth Management LLC DE purchased a new stake in shares of Amphenol during the fourth quarter worth about $2,006,000. Atria Investments LLC grew its stake in Amphenol by 17.5% in the fourth quarter. Atria Investments LLC now owns 28,713 shares of the electronics maker’s stock worth $2,511,000 after purchasing an additional 4,280 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in Amphenol by 35.9% in the fourth quarter. Empirical Finance LLC now owns 10,215 shares of the electronics maker’s stock worth $893,000 after purchasing an additional 2,698 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors and hedge funds.

APH stock traded down $0.08 during midday trading on Monday, reaching $70.30. The company had a trading volume of 141,870 shares, compared to its average volume of 2,802,478. The company has a quick ratio of 1.66, a current ratio of 2.43 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $75.01 and a 200 day moving average price of $78.80. Amphenol Co. has a fifty-two week low of $64.13 and a fifty-two week high of $88.45. The firm has a market capitalization of $42.01 billion, a PE ratio of 27.83, a P/E/G ratio of 2.28 and a beta of 1.26.

Amphenol (NYSE:APHGet Rating) last issued its earnings results on Wednesday, January 26th. The electronics maker reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. Amphenol had a return on equity of 26.17% and a net margin of 14.63%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. Amphenol’s quarterly revenue was up 24.8% compared to the same quarter last year. Research analysts predict that Amphenol Co. will post 2.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 13th. Stockholders of record on Tuesday, March 22nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. Amphenol’s dividend payout ratio is presently 31.50%.

A number of research firms recently commented on APH. Morgan Stanley lifted their price target on Amphenol from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 27th. Cowen downgraded Amphenol from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research note on Friday, January 7th. The Goldman Sachs Group lifted their price target on Amphenol from $82.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, January 10th. Finally, StockNews.com began coverage on Amphenol in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $83.78.

Amphenol Company Profile (Get Rating)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

See Also

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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