AMTEK, Inc. (AME) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in AMTEK, Inc. (NYSE:AME) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,338 shares of the technology company’s stock after selling 3,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AMTEK were worth $8,184,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AME. Russell Investments Group Ltd. purchased a new position in shares of AMTEK during the fourth quarter valued at about $4,646,000. Envestnet Asset Management Inc. raised its position in shares of AMTEK by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,131 shares of the technology company’s stock valued at $1,124,000 after buying an additional 761 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of AMTEK during the fourth quarter valued at about $224,000. Guggenheim Capital LLC raised its position in shares of AMTEK by 15.6% in the fourth quarter. Guggenheim Capital LLC now owns 589,844 shares of the technology company’s stock valued at $28,666,000 after buying an additional 79,440 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new position in shares of AMTEK during the fourth quarter valued at about $415,000. Institutional investors and hedge funds own 89.72% of the company’s stock.

AMTEK, Inc. (NYSE AME) traded up 1.07% on Wednesday, reaching $60.73. The company had a trading volume of 164,116 shares. AMTEK, Inc. has a 52 week low of $43.28 and a 52 week high of $62.89. The stock’s 50-day moving average is $60.87 and its 200-day moving average is $54.73. The company has a market capitalization of $13.97 billion, a P/E ratio of 27.37 and a beta of 1.29.

AMTEK (NYSE:AME) last posted its earnings results on Tuesday, May 2nd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AMTEK had a net margin of 13.24% and a return on equity of 16.20%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $961.36 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that AMTEK, Inc. will post $2.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Wednesday, June 14th. AMTEK’s payout ratio is currently 16.22%.

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Several brokerages have recently issued reports on AME. BMO Capital Markets reissued a “buy” rating and issued a $67.00 target price on shares of AMTEK in a research report on Tuesday. Zacks Investment Research raised AMTEK from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and issued a $69.00 target price (up previously from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $67.00 target price on shares of AMTEK in a research report on Tuesday, June 6th. Finally, Morgan Stanley increased their target price on AMTEK from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. AMTEK has an average rating of “Buy” and a consensus price target of $62.90.

In other news, Director Anthony James Conti sold 4,756 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $60.42, for a total transaction of $287,357.52. Following the sale, the director now directly owns 15,124 shares of the company’s stock, valued at approximately $913,792.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elizebeth R. Varet sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $62.66, for a total transaction of $187,980.00. Following the completion of the transaction, the director now directly owns 120,880 shares in the company, valued at $7,574,340.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,956 shares of company stock worth $5,133,440. Corporate insiders own 2.10% of the company’s stock.

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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Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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