Private Capital Advisors Inc. Makes New Investment in Amphenol Co. (NYSE:APH)

Private Capital Advisors Inc. acquired a new position in Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 238,969 shares of the electronics maker's stock, valued at approximately $16,596,000. Amphenol makes up about 2.0% of Private Capital Advisors Inc.'s investment portfolio, making the stock its 11th biggest position.

Several other large investors also recently made changes to their positions in the business. Legal & General Group Plc increased its stake in shares of Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock valued at $662,458,000 after buying an additional 5,293,292 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Amphenol during the 3rd quarter valued at about $113,828,000. State Street Corp boosted its stake in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Amphenol by 136.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker's stock worth $161,207,000 after buying an additional 1,480,331 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

Amphenol Stock Performance

Shares of APH stock traded down $1.55 on Friday, reaching $77.00. The stock had a trading volume of 3,595,050 shares, compared to its average volume of 7,025,858. Amphenol Co. has a 12 month low of $49.38 and a 12 month high of $79.39. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $92.83 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 2.12 and a beta of 1.24. The firm's 50-day moving average is $71.98 and its two-hundred day moving average is $67.93.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4,051,810 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The firm's revenue for the quarter was up 29.8% on a year-over-year basis. On average, research analysts expect that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol's payout ratio is 34.46%.

Analyst Ratings Changes

A number of brokerages have issued reports on APH. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a report on Thursday. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and a consensus price target of $77.92.

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.