Pacer Advisors Inc. Buys 7,328 Shares of Amphenol Co. (NYSE:APH)

Pacer Advisors Inc. boosted its stake in shares of Amphenol Co. (NYSE:APH) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,969 shares of the electronics maker’s stock after purchasing an additional 7,328 shares during the quarter. Pacer Advisors Inc.’s holdings in Amphenol were worth $7,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC grew its position in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 324 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol during the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 1.1 %

Shares of APH stock opened at $69.34 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $83.60 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.12 and a beta of 1.24. Amphenol Co. has a 12-month low of $50.48 and a 12-month high of $79.39. The firm has a 50-day moving average price of $72.02 and a 200 day moving average price of $67.96.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. Research analysts forecast that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on APH shares. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 over the last ninety days. 1.80% of the stock is owned by insiders.

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.