Vestcor Inc Reduces Position in Amphenol Co. (NYSE:APH)

Vestcor Inc decreased its position in Amphenol Co. (NYSE:APH) by 31.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,150 shares of the electronics maker’s stock after selling 22,034 shares during the period. Vestcor Inc’s holdings in Amphenol were worth $3,413,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in APH. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. grew its position in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on APH shares. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Down 2.1 %

APH stock opened at $61.54 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 1-year low of $54.27 and a 1-year high of $79.39. The firm has a fifty day moving average price of $68.72 and a two-hundred day moving average price of $68.54. The firm has a market cap of $74.52 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Amphenol’s dividend payout ratio is currently 34.55%.

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.