Pacer Advisors Inc. Has $8.07 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Pacer Advisors Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH) by 94.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,380 shares of the electronics maker’s stock after purchasing an additional 39,584 shares during the quarter. Pacer Advisors Inc.’s holdings in Amphenol were worth $8,067,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its holdings in shares of Amphenol by 8.2% during the first quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after buying an additional 1,006 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Amphenol by 4.0% during the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after buying an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock worth $19,906,000 after buying an additional 95,613 shares in the last quarter. Prudential PLC acquired a new stake in shares of Amphenol during the first quarter worth $857,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Amphenol during the first quarter worth $245,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. Insiders own 2.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on APH. The Goldman Sachs Group lifted their target price on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Citigroup started coverage on Amphenol in a report on Friday, January 5th. They set a “buy” rating and a $117.00 target price for the company. Stifel Nicolaus boosted their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Evercore ISI boosted their price target on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Truist Financial boosted their price target on Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Amphenol Stock Performance

Amphenol stock opened at $115.30 on Thursday. Amphenol Co. has a 12-month low of $72.00 and a 12-month high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $106.17 and its two-hundred day moving average price is $94.99. The stock has a market cap of $69.16 billion, a PE ratio of 37.07, a P/E/G ratio of 3.26 and a beta of 1.30.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, March 18th. Amphenol’s dividend payout ratio is presently 28.30%.

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.