Amphenol Co. (NYSE:APH) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its stake in Amphenol Co. (NYSE:APH) by 3,103.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,684,596 shares of the electronics maker’s stock after acquiring an additional 1,632,014 shares during the period. Los Angeles Capital Management LLC owned 0.14% of Amphenol worth $116,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FourThought Financial Partners LLC acquired a new position in shares of Amphenol during the fourth quarter worth approximately $235,000. Brown Financial Advisors bought a new position in shares of Amphenol in the fourth quarter valued at $1,069,000. IFP Advisors Inc increased its holdings in shares of Amphenol by 47.3% in the fourth quarter. IFP Advisors Inc now owns 3,891 shares of the electronics maker’s stock valued at $270,000 after buying an additional 1,249 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Amphenol by 34.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker’s stock valued at $53,000 after buying an additional 196 shares in the last quarter. Finally, Colonial River Investments LLC raised its stake in Amphenol by 13.3% during the 4th quarter. Colonial River Investments LLC now owns 5,313 shares of the electronics maker’s stock valued at $369,000 after purchasing an additional 625 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 0.7 %

Shares of APH opened at $67.14 on Tuesday. The company has a 50-day simple moving average of $70.57 and a 200-day simple moving average of $68.77. The firm has a market capitalization of $81.31 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52 week low of $53.67 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Company 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.