New York State Common Retirement Fund lifted its position in shares of AMTEK, Inc. (NYSE:AME) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 793,280 shares of the technology company’s stock after buying an additional 10,000 shares during the period. New York State Common Retirement Fund owned approximately 0.34% of AMTEK worth $52,388,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in AME. Commonwealth Bank of Australia grew its stake in shares of AMTEK by 17.7% during the second quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock valued at $104,000 after acquiring an additional 263 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of AMTEK during the second quarter worth about $107,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of AMTEK during the second quarter worth about $151,000. Acrospire Investment Management LLC lifted its position in shares of AMTEK by 104.0% during the second quarter. Acrospire Investment Management LLC now owns 2,550 shares of the technology company’s stock worth $154,000 after purchasing an additional 1,300 shares during the last quarter. Finally, QS Investors LLC lifted its position in shares of AMTEK by 0.9% during the second quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.
Several equities analysts have recently commented on AME shares. Zacks Investment Research raised shares of AMTEK from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Morgan Stanley raised their target price on shares of AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, Oppenheimer raised their target price on shares of AMTEK to $75.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.80.
AMTEK, Inc. (NYSE AME) opened at $71.05 on Wednesday. AMTEK, Inc. has a 12 month low of $48.21 and a 12 month high of $73.06. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. The company has a market cap of $16,591.90, a P/E ratio of 28.83, a P/E/G ratio of 2.44 and a beta of 1.36.
AMTEK (NYSE:AME) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. research analysts expect that AMTEK, Inc. will post 2.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.36 annualized dividend and a yield of 0.51%. AMTEK’s dividend payout ratio (DPR) is 15.13%.
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AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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