OneAscent Financial Services LLC Purchases New Shares in Amphenol Co. (NYSE:APH)


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OneAscent Financial Services LLC acquired a new position in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,899 shares of the electronics maker’s stock, valued at approximately $510,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Amphenol by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 7,710,521 shares of the electronics maker’s stock valued at $837,594,000 after acquiring an additional 505,900 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Amphenol by 3.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,176,500 shares of the electronics maker’s stock worth $668,174,000 after acquiring an additional 200,000 shares during the period. WCM Investment Management LLC boosted its position in shares of Amphenol by 60.4% in the 3rd quarter. WCM Investment Management LLC now owns 2,572,456 shares of the electronics maker’s stock worth $278,520,000 after purchasing an additional 969,015 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Amphenol by 1.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,356,752 shares of the electronics maker’s stock valued at $225,788,000 after acquiring an additional 37,344 shares in the last quarter. Finally, Morgan Stanley lifted its position in Amphenol by 2.6% in the 3rd quarter. Morgan Stanley now owns 1,992,145 shares of the electronics maker’s stock valued at $215,690,000 after acquiring an additional 50,068 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

A number of brokerages have issued reports on APH. Morgan Stanley increased their price target on Amphenol from $115.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Monday, December 14th. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating and set a $114.00 target price on the stock. in a research report on Tuesday, September 29th. Robert W. Baird initiated coverage on shares of Amphenol in a report on Monday, October 19th. They set an “outperform” rating and a $127.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Amphenol in a report on Tuesday, December 29th. They issued a “neutral” rating and a $138.00 price target on the stock. Finally, BidaskClub upgraded shares of Amphenol from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $120.08.

In related news, VP Richard Gu sold 18,000 shares of the company’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $131.06, for a total value of $2,359,080.00. Following the completion of the sale, the vice president now owns 19,000 shares of the company’s stock, valued at $2,490,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dieter Ehrmanntraut sold 158,500 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $118.76, for a total transaction of $18,823,460.00. Following the completion of the sale, the vice president now directly owns 78,500 shares of the company’s stock, valued at approximately $9,322,660. The disclosure for this sale can be found here. Insiders have sold 460,919 shares of company stock valued at $54,744,348 in the last 90 days. Insiders own 2.72% of the company’s stock.

Shares of APH stock opened at $134.46 on Thursday. The stock has a market cap of $40.22 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. The company has a quick ratio of 1.65, a current ratio of 2.27 and a debt-to-equity ratio of 0.70. Amphenol Co. has a fifty-two week low of $63.05 and a fifty-two week high of $137.18. The firm’s 50 day moving average price is $131.57 and its two-hundred day moving average price is $115.08.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 21st. The electronics maker reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.21. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Amphenol had a net margin of 14.00% and a return on equity of 23.23%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 3.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 6th. Shareholders of record on Tuesday, December 15th were paid a dividend of $0.29 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, December 14th. This represents a $1.16 annualized dividend and a yield of 0.86%. Amphenol’s payout ratio is presently 31.02%.

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 in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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