Sargent Investment Group LLC Sells 1,105 Shares of Amphenol Co. (NYSE:APH)

Sargent Investment Group LLC reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,240 shares of the electronics maker’s stock after selling 1,105 shares during the quarter. Sargent Investment Group LLC’s holdings in Amphenol were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of APH. Blue Trust Inc. boosted its holdings in shares of Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after acquiring an additional 18,322 shares during the last quarter. Spire Wealth Management lifted its position in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after purchasing an additional 25,007 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares during the last quarter. LMR Partners LLP grew its position in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after purchasing an additional 223,784 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after buying an additional 19,496 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $69.44 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $51.13 and a 52 week high of $79.39. The stock’s 50-day simple moving average is $71.75 and its 200-day simple moving average is $68.08. The company has a market capitalization of $83.72 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, analysts expect that Amphenol Co. will post 2.26 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.46%.

Wall Street Analyst Weigh In

APH has been the subject of a number of research reports. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Bank of America upped 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. Finally, Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Five equities 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.68.

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.