Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Amphenol Co. (NYSE:APH)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 871,230 shares of the electronics maker’s stock after selling 27,776 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Amphenol were worth $60,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in Amphenol by 294.5% in the 2nd quarter. NewEdge Advisors LLC now owns 48,677 shares of the electronics maker’s stock valued at $3,279,000 after buying an additional 36,338 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Amphenol by 600.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 75,470 shares of the electronics maker’s stock valued at $5,084,000 after acquiring an additional 64,703 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Amphenol by 100.3% during the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares during the period. Quarry LP purchased a new position in Amphenol during the second quarter worth about $119,000. Finally, Regal Investment Advisors LLC lifted its position in Amphenol by 99.5% in the second quarter. Regal Investment Advisors LLC now owns 6,687 shares of the electronics maker’s stock valued at $450,000 after purchasing an additional 3,335 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 612,000 shares of company stock valued at $44,177,640 over the last quarter. Company insiders own 1.80% of the company’s stock.

Amphenol Trading Up 1.1 %

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

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial raised their price objective 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, Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $80.68.

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.