AMTEK, Inc. (AME) Holdings Increased by Brown Advisory Inc.

Brown Advisory Inc. raised its holdings in shares of AMTEK, Inc. (NYSE:AME) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,795 shares of the technology company’s stock after acquiring an additional 2,832 shares during the period. Brown Advisory Inc.’s holdings in AMTEK were worth $3,222,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Commonwealth Bank of Australia raised its stake in shares of AMTEK by 17.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,747 shares of the technology company’s stock worth $104,000 after buying an additional 263 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in shares of AMTEK in the 2nd quarter worth $107,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of AMTEK in the 2nd quarter worth $151,000. Acrospire Investment Management LLC grew its holdings in shares of AMTEK by 104.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,550 shares of the technology company’s stock worth $154,000 after acquiring an additional 1,300 shares during the last quarter. Finally, QS Investors LLC grew its holdings in shares of AMTEK by 0.9% in the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after acquiring an additional 25 shares during the last quarter. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Elizebeth R. Varet sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $66.30, for a total transaction of $198,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas M. Montgomery sold 1,800 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the transaction, the vice president now owns 19,947 shares in the company, valued at $1,403,271.45. The disclosure for this sale can be found here. Insiders have sold a total of 171,005 shares of company stock valued at $11,374,594 in the last three months. 2.10% of the stock is owned by insiders.

AME has been the topic of a number of recent research reports. Zacks Investment Research upgraded AMTEK from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 target price on shares of AMTEK in a report on Friday, October 13th. Jefferies Group lifted their price target on AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 13th. Oppenheimer lifted their price target on AMTEK to $75.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets lifted their price target on AMTEK from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $71.80.

Shares of AMTEK, Inc. (AME) traded down $0.01 during trading hours on Thursday, hitting $71.04. The company’s stock had a trading volume of 729,600 shares, compared to its average volume of 1,343,226. AMTEK, Inc. has a 12 month low of $48.21 and a 12 month high of $73.06. The firm has a market capitalization of $16,420.88, a PE ratio of 28.53, a P/E/G ratio of 2.32 and a beta of 1.36. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.

AMTEK (NYSE:AME) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. AMTEK had a return on equity of 16.48% and a net margin of 13.37%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. equities analysts forecast that AMTEK, Inc. will post 2.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.51%. AMTEK’s dividend payout ratio is presently 15.13%.

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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.

Institutional Ownership by Quarter for AMTEK (NYSE:AME)

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