Quantbot Technologies LP Invests $8.07 Million in Amphenol Co. (NYSE:APH)

Quantbot Technologies LP purchased a new stake in Amphenol Co. (NYSE:APH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,736 shares of the electronics maker’s stock, valued at approximately $8,067,000.

Other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its position in shares of Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after buying an additional 80 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 81 shares during the period. Lindbrook Capital LLC grew its position in Amphenol by 2.0% during the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after buying an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its holdings in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APH has been the subject of several recent research reports. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Truist Financial lifted their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Citigroup increased their target price on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Bank of America cut Amphenol from a “buy” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.04.

Amphenol Price Performance

Amphenol stock opened at $63.58 on Monday. The stock has a market cap of $76.57 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $64.61 and a 200 day simple moving average of $62.76. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, research analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is currently 26.91%.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 170,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the sale, the insider now owns 447,790 shares in the company, valued at $28,703,339. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,703,339. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock worth $98,236,640. Corporate insiders own 1.80% of the company’s stock.

About Amphenol

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.