Crew Capital Management Ltd. Acquires New Position in Amphenol Co. (NYSE:APH)

Crew Capital Management Ltd. purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,841 shares of the electronics maker’s stock, valued at approximately $250,000.

A number of other hedge funds have also modified their holdings of APH. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC raised its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC lifted its stake in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the 2nd quarter valued at approximately $29,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

APH stock traded down $0.39 during midday trading on Monday, reaching $67.07. The stock had a trading volume of 1,509,918 shares, compared to its average volume of 6,543,736. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $64.76 and its 200 day simple moving average is $64.32. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The company has a market cap of $80.57 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

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

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio is currently 40.49%.

Insider Buying and Selling at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last three months. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APH has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Bank of America decreased their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. UBS Group lifted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Vertical Research initiated coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Finally, Truist Financial upped their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.50.

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.