Avitas Wealth Management LLC Sells 664 Shares of Amphenol Co. (NYSE:APH)

Avitas Wealth Management LLC cut its position in Amphenol Co. (NYSE:APH) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,586 shares of the electronics maker’s stock after selling 664 shares during the quarter. Avitas Wealth Management LLC’s holdings in Amphenol were worth $3,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highview Capital Management LLC DE increased its stake in shares of Amphenol by 4.2% during the 3rd quarter. Highview Capital Management LLC DE now owns 15,912 shares of the electronics maker’s stock worth $1,037,000 after purchasing an additional 636 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in Amphenol by 5.9% during the third quarter. Fidelis Capital Partners LLC now owns 7,755 shares of the electronics maker’s stock worth $531,000 after purchasing an additional 434 shares during the period. Fortitude Family Office LLC increased its position in Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after buying an additional 158 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in Amphenol by 1.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 78,200 shares of the electronics maker’s stock valued at $5,107,000 after buying an additional 1,000 shares during the period. Finally, abrdn plc lifted its position in shares of Amphenol by 3.3% in the third quarter. abrdn plc now owns 459,614 shares of the electronics maker’s stock valued at $29,622,000 after buying an additional 14,872 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on APH shares. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America increased their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Vertical Research assumed coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. UBS Group increased their price target on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five equities 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Trading Up 0.3 %

Shares of APH stock opened at $68.88 on Wednesday. The stock has a 50 day simple moving average of $65.19 and a 200 day simple moving average of $64.85. Amphenol Co. has a 1 year low of $39.55 and a 1 year high of $71.20. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market cap of $82.74 billion, a P/E ratio of 42.26, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, research analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

About Amphenol

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.