AMTEK Target of Unusually High Options Trading (AME)

AMTEK, Inc. (NYSE:AME) saw unusually large options trading on Friday. Stock traders acquired 3,067 put options on the stock. This represents an increase of Infinity compared to the average volume of 0 put options.

AMTEK (NYSE AME) opened at $68.23 on Monday. The stock has a market capitalization of $15,769.13, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33. AMTEK has a twelve month low of $45.78 and a twelve month high of $70.26. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51.

AMTEK (NYSE:AME) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. sell-side analysts anticipate that AMTEK will post 2.58 earnings per share 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 issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.53%. AMTEK’s payout ratio is 15.13%.

Several research firms have recently weighed in on AME. Oppenheimer Holdings, Inc. boosted their price target on AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Robert W. Baird boosted their price target on AMTEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Jefferies Group LLC upped their target price on AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 13th. BidaskClub cut AMTEK from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Zacks Investment Research cut AMTEK from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. AMTEK presently has an average rating of “Buy” and a consensus price target of $71.60.

In other news, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $63.24, for a total transaction of $189,720.00. Following the sale, the director now directly owns 117,880 shares in the company, valued at $7,454,731.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas C. Marecic sold 12,315 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $66.36, for a total value of $817,223.40. Following the sale, the insider now owns 38,367 shares in the company, valued at $2,546,034.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,155 shares of company stock worth $11,218,603. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. QS Investors LLC boosted its holdings in shares of AMTEK by 0.9% during the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after buying an additional 25 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of AMTEK by 0.3% during the 1st quarter. OppenheimerFunds Inc. now owns 8,735 shares of the technology company’s stock worth $472,000 after buying an additional 30 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of AMTEK by 0.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,798 shares of the technology company’s stock worth $291,000 after purchasing an additional 32 shares during the period. Cadence Capital Management LLC raised its position in shares of AMTEK by 0.9% during the second quarter. Cadence Capital Management LLC now owns 6,960 shares of the technology company’s stock worth $422,000 after purchasing an additional 62 shares during the period. Finally, Shufro Rose & Co. LLC raised its position in shares of AMTEK by 1.4% during the second quarter. Shufro Rose & Co. LLC now owns 5,224 shares of the technology company’s stock worth $316,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

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About AMTEK

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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