GSA Capital Partners LLP Increases Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• GSA Capital Partners LLP increased its holdings in Amphenol Corporation by 97.3% during Q1, now owning 13,685 shares valued at $898,000.
• Several institutional investors, including Brighton Jones LLC and Trexquant Investment LP, made significant increases in their positions in Amphenol during the fourth quarter, with institutional investors owning 97.01% of the stock.
• Amphenol reported strong earnings for the quarter, with an EPS of $0.81 beating estimates, and a revenue increase of 56.5% year-over-year.

GSA Capital Partners LLP increased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 97.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,685 shares of the electronics maker's stock after buying an additional 6,750 shares during the period. GSA Capital Partners LLP's holdings in Amphenol were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Brighton Jones LLC grew 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 worth $1,224,000 after buying an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 acquiring an additional 4,721 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Amphenol by 15,239.0% during the fourth quarter. Headlands Technologies LLC now owns 9,050 shares of the electronics maker's stock valued at $629,000 after acquiring an additional 8,991 shares in the last quarter. Trexquant Investment LP raised its position in shares of Amphenol by 521.2% in the 4th quarter. Trexquant Investment LP now owns 159,292 shares of the electronics maker's stock worth $11,063,000 after purchasing an additional 133,650 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Amphenol by 1.4% in the 4th quarter. Huntington National Bank now owns 126,884 shares of the electronics maker's stock worth $8,812,000 after purchasing an additional 1,739 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on APH shares. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Thursday, April 24th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research report on Friday, July 11th. KGI Securities began coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. Wall Street Zen raised shares of Amphenol from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, UBS Group lifted their target price on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $102.23.

Amphenol Price Performance

Shares of APH stock traded down $2.22 during mid-day trading on Friday, hitting $104.29. The company had a trading volume of 8,736,054 shares, compared to its average volume of 8,870,272. The company has a market capitalization of $127.33 billion, a P/E ratio of 41.55, a P/E/G ratio of 1.74 and a beta of 1.13. The stock's 50 day moving average price is $96.99 and its 200-day moving average price is $79.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $108.85.

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

Amphenol Announces Dividend

The company 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%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's payout ratio is presently 26.29%.

Insider Activity

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

Amphenol Company 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.