HITE Hedge Asset Management LLC Takes Position in Amphenol Co. (NYSE:APH)

HITE Hedge Asset Management LLC bought a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,642 shares of the electronics maker's stock, valued at approximately $1,225,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tacita Capital Inc increased its holdings in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol in the fourth quarter worth approximately $32,000. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

APH has been the topic of a number of research reports. Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their target price on Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price target on shares of Amphenol from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, UBS Group reduced their target price on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.40.

Amphenol Stock Up 0.6 %

APH opened at $65.13 on Friday. Amphenol Co. has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market cap of $78.93 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The firm's fifty day moving average is $65.49 and its 200 day moving average is $68.67.

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

Amphenol Announces Dividend

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

Amphenol Company 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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