Fiera Capital Corp Sells 9,774 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Fiera Capital Corp reduced its stake in Amphenol Corporation by 1.0%, selling 9,774 shares to hold a total of 980,764 shares valued at $64.3 million.
• Multiple institutional investors, including Forum Financial Management and Gallacher Capital Management, increased their holdings in Amphenol during the same quarter.
• Amphenol reported a 56.5% year-over-year revenue increase to $5.65 billion and EPS of $0.81, exceeding analysts' estimates of $0.66.

Fiera Capital Corp lessened its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 980,764 shares of the electronics maker's stock after selling 9,774 shares during the quarter. Fiera Capital Corp owned approximately 0.08% of Amphenol worth $64,328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in APH. Brighton Jones LLC boosted its holdings in Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Amphenol during the fourth quarter valued at $1,086,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 131.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,154 shares of the electronics maker's stock valued at $80,000 after acquiring an additional 656 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Amphenol by 8.5% during the fourth quarter. Schroder Investment Management Group now owns 1,949,846 shares of the electronics maker's stock valued at $135,417,000 after acquiring an additional 152,306 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling

In other news, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 586,000 shares of company stock valued at $52,935,980. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on APH shares. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a report on Friday, July 11th. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, KGI Securities assumed coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Stock Performance

APH stock traded down $2.01 during midday trading on Friday, hitting $104.50. The stock had a trading volume of 5,177,241 shares, compared to its average volume of 8,544,949. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The stock has a 50-day simple moving average of $96.62 and a 200 day simple moving average of $79.39. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $108.85. The firm has a market capitalization of $127.58 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 1.76 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol's dividend payout ratio is currently 26.29%.

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.