Amphenol Co. (NYSE:APH) Shares Acquired by National Bank of Canada FI

Posted by Defense World Staff on Jun 27th, 2023

National Bank of Canada FI grew its stake in Amphenol Co. (NYSE:APH – Get Rating) by 275.5% in the first quarter, Holdings Channel reports. The fund owned 79,255 shares of the electronics maker’s stock after purchasing an additional 58,148 shares during the period. National Bank of Canada FI’s holdings in Amphenol were worth $6,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of APH. RFP Financial Group LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Altshuler Shaham Ltd purchased a new position in shares of Amphenol during the 4th quarter worth $33,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Amphenol during the 4th quarter worth $41,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Amphenol during the 4th quarter worth $41,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Amphenol during the 4th quarter worth $45,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, insider Jean-Luc Gavelle sold 184,100 shares of Amphenol stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $74.67, for a total transaction of $13,746,747.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on APH. StockNews.com began coverage on Amphenol in a report on Thursday, May 18th. They set a “hold” rating for the company. Credit Suisse Group cut Amphenol from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $91.00 to $77.00 in a report on Thursday, May 18th. Bank of America raised their target price on Amphenol from $82.00 to $90.00 in a report on Friday. Finally, Robert W. Baird lowered their target price on Amphenol from $91.00 to $87.00 in a report on Thursday, April 27th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Hold” and an average price target of $85.33.

Amphenol Price Performance

Shares of NYSE APH opened at $80.57 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.77 and a current ratio of 2.64. Amphenol Co. has a fifty-two week low of $61.78 and a fifty-two week high of $82.86. The firm has a market capitalization of $47.96 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.31 and a beta of 1.23. The stock’s 50-day simple moving average is $77.10 and its 200-day simple moving average is $78.11.

Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.91 billion. Amphenol had a return on equity of 27.10% and a net margin of 15.15%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. As a group, equities research analysts forecast that Amphenol Co. will post 2.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 20th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, June 16th. Amphenol’s dividend payout ratio (DPR) is 27.18%.

About Amphenol

(Get Rating)

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.