Barclays PLC Trims Stock Position in Amphenol Co. (NYSE:APH)

Barclays PLC decreased its position in Amphenol Co. (NYSE:APH) by 22.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,302,625 shares of the electronics maker’s stock after selling 1,541,139 shares during the period. Barclays PLC’s holdings in Amphenol were worth $368,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in Amphenol in the 3rd quarter valued at about $325,000. Virtu Financial LLC purchased a new stake in shares of Amphenol in the 3rd quarter valued at approximately $582,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Amphenol in the 3rd quarter worth approximately $2,277,000. Tidal Investments LLC boosted its position in shares of Amphenol by 464.6% during the 3rd quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock worth $25,808,000 after purchasing an additional 325,912 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in Amphenol in the 3rd quarter valued at approximately $9,614,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 2.0 %

Shares of Amphenol stock opened at $65.39 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a market capitalization of $79.23 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a 50 day moving average of $65.88 and a 200 day moving average of $68.71.

Amphenol (NYSE:APH) last released its quarterly earnings data 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. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. As a group, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a $0.165 dividend. 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 payout ratio is currently 34.55%.

Analysts Set New Price Targets

Several research analysts have recently commented on APH shares. Citigroup raised their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group reduced their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group dropped their price objective on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a report on Thursday. Finally, Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.60.

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.