Catalyst Capital Advisors LLC Trims Stock Holdings in Amphenol Corporation (NYSE:APH)

Catalyst Capital Advisors LLC trimmed its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,320 shares of the electronics maker's stock after selling 3,308 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Amphenol were worth $4,022,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Brighton Jones LLC boosted its stake in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after buying an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after buying an additional 4,721 shares during the period. Modera Wealth Management LLC boosted its stake in shares of Amphenol by 8.2% in the 4th quarter. Modera Wealth Management LLC now owns 3,573 shares of the electronics maker's stock valued at $248,000 after buying an additional 271 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Amphenol in the 4th quarter valued at about $60,000. Finally, Victory Capital Management Inc. lifted its stake in Amphenol by 5.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,134,637 shares of the electronics maker's stock worth $78,801,000 after purchasing an additional 61,835 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

APH stock traded up $0.84 on Friday, reaching $99.36. 3,180,786 shares of the company's stock were exchanged, compared to its average volume of 7,629,996. The stock has a fifty day moving average of $89.15 and a 200-day moving average of $75.27. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.71. The firm has a market cap of $120.19 billion, a PE ratio of 48.23, a P/E/G ratio of 2.27 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 27.68% and a net margin of 15.58%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 390,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider directly owned 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on APH. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. KGI Securities began coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Finally, UBS Group boosted their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

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.