Townsquare Capital LLC Grows Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• Townsquare Capital LLC increased its stake in Amphenol Corporation by 5.1% during the first quarter, bringing its total holdings to 137,758 shares, valued at approximately $9.03 million.
• Amphenol reported a quarterly earnings of $0.81 EPS, surpassing analysts' estimates by $0.15, and its revenue of $5.65 billion exceeded expectations by over .
• The company declared a quarterly dividend of $0.165 per share, resulting in an annualized yield of 0.6% with a payout ratio of 26.29%.

Townsquare Capital LLC increased its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,758 shares of the electronics maker's stock after acquiring an additional 6,688 shares during the period. Townsquare Capital LLC's holdings in Amphenol were worth $9,036,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of APH. Hughes Financial Services LLC acquired a new stake in shares of Amphenol in the 1st quarter valued at $25,000. Avalon Trust Co raised its stake in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after buying an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol in the first quarter valued at approximately $28,000. Global X Japan Co. Ltd. acquired a new stake in shares of Amphenol in the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at about $48,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value 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 trade represents a 38.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction dated 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 completion of 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 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. Company insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of NYSE:APH traded down $0.15 during trading on Monday, reaching $109.83. 4,858,996 shares of the company traded hands, compared to its average volume of 9,268,698. The company's 50 day moving average is $99.07 and its two-hundred day moving average is $80.99. 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 52 week low of $56.45 and a 52 week high of $111.00. The firm has a market capitalization of $134.09 billion, a PE ratio of 43.76, a PEG ratio of 1.79 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. As a group, sell-side analysts predict 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. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is presently 26.29%.

Analyst Ratings Changes

A number of research firms recently issued reports on APH. Wall Street Zen downgraded Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Bank of America boosted their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Robert W. Baird boosted their price objective on Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Citigroup boosted their price objective on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.92.

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.