Cartenna Capital LP Has $64.91 Million Stock Position in Amphenol Co. (NYSE:APH)

Cartenna Capital LP lowered its position in Amphenol Co. (NYSE:APH - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 934,641 shares of the electronics maker's stock after selling 295,359 shares during the period. Amphenol comprises 3.1% of Cartenna Capital LP's holdings, making the stock its 7th largest position. Cartenna Capital LP owned 0.08% of Amphenol worth $64,911,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in APH. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in Amphenol during the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Amphenol during the fourth quarter worth approximately $32,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Amphenol stock traded up $0.46 during mid-day trading on Tuesday, reaching $76.34. 1,671,566 shares of the company's stock were exchanged, compared to its average volume of 8,543,541. The firm has a market capitalization of $92.50 billion, a PE ratio of 39.86, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $65.65 and its 200 day simple moving average is $69.08. Amphenol Co. has a one year low of $54.77 and a one year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm earned $0.40 EPS. The firm's quarterly revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Finally, Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $82.58.

Amphenol 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.