Amphenol Corporation (NYSE:APH) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in Amphenol Corporation by 34.6%, holding $4.59 million worth of shares after selling 37,004 in the first quarter.
• Institutional investors own approximately 97.01% of Amphenol's stock, with notable increases from firms like Bank of America, which raised its stake by 294.0%.
• Amphenol reported an EPS of $0.81 for the last quarter, exceeding estimates by $0.15, along with a revenue increase of 56.5% year-over-year, leading analysts to predict strong future earnings growth.

Pacer Advisors Inc. trimmed its stake in Amphenol Corporation (NYSE:APH - Free Report) by 34.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,965 shares of the electronics maker's stock after selling 37,004 shares during the quarter. Pacer Advisors Inc.'s holdings in Amphenol were worth $4,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in shares of Amphenol during the 1st quarter worth about $25,000. Global X Japan Co. Ltd. acquired a new stake in Amphenol during the first quarter worth approximately $44,000. Coppell Advisory Solutions LLC acquired a new position in Amphenol in the 4th quarter valued at $48,000. West Branch Capital LLC purchased a new position in shares of Amphenol during the 1st quarter worth $57,000. Finally, Colonial Trust Co SC boosted its holdings in shares of Amphenol by 342.9% during the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after purchasing an additional 672 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APH. Evercore ISI increased their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Citigroup increased their price objective on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Robert W. Baird increased their price target on shares of Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $102.23.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the sale, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider directly owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 586,000 shares of company stock valued at $52,935,980. Company insiders own 1.67% of the company's stock.

Amphenol Stock Down 1.8%

Shares of NYSE APH traded down $1.95 during trading on Friday, reaching $104.56. 4,149,025 shares of the stock were exchanged, compared to its average volume of 8,539,279. The company has a market capitalization of $127.66 billion, a price-to-earnings ratio of 41.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The business's 50-day moving average price is $96.62 and its 200 day moving average price is $79.39. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, equities analysts forecast 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, October 8th. Shareholders of record on Tuesday, September 16th will be issued 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 presently 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.