Impax Asset Management Group plc Makes New $127.98 Million Investment in Amphenol Corporation (NYSE:APH)

Impax Asset Management Group plc purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,951,265 shares of the electronics maker's stock, valued at approximately $127,983,000. Impax Asset Management Group plc owned about 0.16% of Amphenol as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Rakuten Securities Inc. increased 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 valued at $29,000 after acquiring an additional 366 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Amphenol during the fourth quarter valued at about $44,000. Global X Japan Co. Ltd. acquired a new position in shares of Amphenol during the first quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Amphenol during the fourth quarter valued at about $48,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of Amphenol 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.84 during trading on Friday, hitting $99.36. 3,180,786 shares of the stock traded hands, compared to its average volume of 7,643,084. The company has a fifty day moving average price of $89.15 and a two-hundred day moving average price of $75.31. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.71. The company has a market cap of $120.19 billion, a price-to-earnings 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 released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the company earned $0.40 EPS. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Citigroup raised their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. Finally, TD Securities raised their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.00.

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.