Catalyst Capital Advisors LLC Has $4.02 Million Holdings in Amphenol Corporation (NYSE:APH)

Catalyst Capital Advisors LLC decreased its stake in shares of Amphenol Corporation (NYSE:APH) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 61,320 shares of the electronics maker’s stock after selling 3,308 shares during the period. Catalyst Capital Advisors LLC’s holdings in Amphenol were worth $4,022,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in APH. Huntleigh Advisors Inc. acquired a new stake in shares of Amphenol in the first quarter valued at about $4,008,000. IFM Investors Pty Ltd boosted its stake in Amphenol by 9.9% during the 1st quarter. IFM Investors Pty Ltd now owns 232,878 shares of the electronics maker’s stock valued at $15,174,000 after purchasing an additional 20,972 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Amphenol in the 1st quarter valued at approximately $578,000. Calamos Advisors LLC increased its position in Amphenol by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 306,608 shares of the electronics maker’s stock worth $20,110,000 after buying an additional 3,415 shares during the period. Finally, Conning Inc. lifted its holdings in shares of Amphenol by 1.8% during the first quarter. Conning Inc. now owns 9,091 shares of the electronics maker’s stock worth $596,000 after buying an additional 159 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $99.36 on Friday. The stock has a market capitalization of $120.19 billion, a P/E ratio of 48.23, a price-to-earnings-growth ratio of 2.24 and a beta of 1.13. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $99.71. The firm has a 50 day moving average of $88.68 and a 200-day moving average of $75.10.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 47.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luc Walter sold 286,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider directly owned 451,790 shares of the company’s stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of several research analyst reports. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. TD Securities upped their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, Evercore ISI raised their price objective on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

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.