Amphenol Co. (NYSE:APH) Shares Purchased by Utah Retirement Systems

Utah Retirement Systems boosted its position in Amphenol Co. (NYSE:APH) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 195,856 shares of the electronics maker’s stock after purchasing an additional 400 shares during the period. Utah Retirement Systems’ holdings in Amphenol were worth $13,602,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc boosted its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Amphenol during the fourth quarter worth about $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE:APH opened at $77.05 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $65.99 and a 200-day moving average of $69.19. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $79.39. The firm has a market cap of $93.37 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

APH has been the topic of a number of recent analyst reports. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. UBS Group restated a “buy” rating and set a $85.00 price objective (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Finally, Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.58.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 390,000 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $33,991,738.90. The trade was a 46.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,965,000 shares of company stock valued at $224,785,900. Insiders own 1.67% of the company’s stock.

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.