CANADA LIFE ASSURANCE Co Boosts Position in Amphenol Co. (NYSE:APH)

CANADA LIFE ASSURANCE Co raised its position in Amphenol Co. (NYSE:APH - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 955,582 shares of the electronics maker's stock after purchasing an additional 52,836 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.08% of Amphenol worth $66,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Amphenol during the 4th quarter valued at about $1,378,794,000. Wellington Management Group LLP increased its stake in shares of Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares in the last quarter. FMR LLC raised its position in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Amphenol in the 4th quarter valued at approximately $157,749,000. Finally, Vanguard Group Inc. grew its holdings in Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after buying an additional 2,108,578 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

NYSE:APH opened at $65.13 on Friday. The firm has a 50-day moving average of $65.49 and a two-hundred day moving average of $68.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $78.93 billion, a P/E ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. On average, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's payout ratio is currently 34.55%.

Analysts Set New Price Targets

A number of research firms have issued reports on APH. Citigroup reduced their target price on shares of Amphenol from $89.00 to $75.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird raised their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of Amphenol from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Finally, Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price of $79.40.

Amphenol Profile

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.

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