AMTEK, Inc. (AME) Shares Sold by BRYN MAWR TRUST Co

BRYN MAWR TRUST Co reduced its position in AMTEK, Inc. (NYSE:AME) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,895 shares of the technology company’s stock after selling 300 shares during the period. BRYN MAWR TRUST Co’s holdings in AMTEK were worth $418,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AME. Strs Ohio lifted its position in shares of AMTEK by 1.9% in the first quarter. Strs Ohio now owns 12,613 shares of the technology company’s stock worth $682,000 after buying an additional 233 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of AMTEK by 10.6% in the first quarter. UBS Asset Management Americas Inc. now owns 618,711 shares of the technology company’s stock worth $33,460,000 after buying an additional 59,494 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of AMTEK by 6.3% in the first quarter. Meadow Creek Investment Management LLC now owns 5,968 shares of the technology company’s stock worth $323,000 after buying an additional 352 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of AMTEK by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 273,698 shares of the technology company’s stock worth $14,802,000 after buying an additional 3,669 shares in the last quarter. Finally, Keybank National Association OH purchased a new stake in shares of AMTEK in the first quarter worth about $247,000. Institutional investors own 85.62% of the company’s stock.

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In other news, insider Thomas C. Marecic sold 12,315 shares of AMTEK stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $66.36, for a total transaction of $817,223.40. Following the sale, the insider now owns 38,367 shares of the company’s stock, valued at approximately $2,546,034.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas M. Montgomery sold 1,500 shares of AMTEK stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $64.49, for a total transaction of $96,735.00. Following the sale, the vice president now directly owns 21,747 shares in the company, valued at approximately $1,402,464.03. The disclosure for this sale can be found here. Insiders sold a total of 19,415 shares of company stock worth $1,271,404 over the last three months. Corporate insiders own 2.10% of the company’s stock.

AMTEK (NYSE:AME) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. AMTEK had a net margin of 13.26% and a return on equity of 16.28%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.59 EPS. The business’s revenue was up 8.9% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, September 14th. AMTEK’s dividend payout ratio (DPR) is 15.79%.

AME has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $67.00 target price on shares of AMTEK in a research report on Tuesday, June 27th. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective on shares of AMTEK in a research report on Thursday, August 3rd. BidaskClub downgraded AMTEK from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $69.00 price objective (up from $66.00) on shares of AMTEK in a research report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.18.

AMTEK Profile

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.

Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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