Elizebeth R. Varet Sells 3,050 Shares of AMTEK, Inc. (AME) Stock
AMTEK, Inc. (NYSE:AME) Director Elizebeth R. Varet sold 3,050 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total transaction of $219,081.50. Following the completion of the sale, the director now owns 117,930 shares in the company, valued at $8,470,911.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
AMTEK, Inc. (NYSE AME) traded up $1.01 during mid-day trading on Thursday, hitting $72.69. 1,569,731 shares of the stock were exchanged, compared to its average volume of 1,348,348. AMTEK, Inc. has a twelve month low of $45.78 and a twelve month high of $73.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16. The firm has a market capitalization of $16,640.44, a price-to-earnings ratio of 28.92, a P/E/G ratio of 2.45 and a beta of 1.33.
AMTEK (NYSE:AME) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. equities research analysts predict that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC raised its holdings in shares of AMTEK by 0.9% during the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock valued at $172,000 after acquiring an additional 25 shares during the period. Cadence Capital Management LLC grew its position in AMTEK by 0.9% during the second quarter. Cadence Capital Management LLC now owns 6,960 shares of the technology company’s stock valued at $422,000 after purchasing an additional 62 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AMTEK by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,096 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 74 shares in the last quarter. Shufro Rose & Co. LLC grew its position in AMTEK by 1.4% during the second quarter. Shufro Rose & Co. LLC now owns 5,224 shares of the technology company’s stock valued at $316,000 after purchasing an additional 74 shares in the last quarter. Finally, M&T Bank Corp grew its position in AMTEK by 0.3% during the second quarter. M&T Bank Corp now owns 33,724 shares of the technology company’s stock valued at $2,043,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.
AME has been the topic of a number of research reports. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Morgan Stanley boosted their target price on shares of AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets boosted their target price on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. AMTEK has a consensus rating of “Buy” and an average price target of $71.80.
AMTEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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