AMTEK, Inc. (AME) Stake Lowered by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its position in AMTEK, Inc. (NYSE:AME) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,394 shares of the technology company’s stock after selling 1,304 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in AMTEK were worth $1,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Columbus Circle Investors lifted its stake in shares of AMTEK by 8.4% in the 3rd quarter. Columbus Circle Investors now owns 657,178 shares of the technology company’s stock worth $43,400,000 after acquiring an additional 50,724 shares during the period. Cipher Capital LP lifted its stake in shares of AMTEK by 43.2% in the 3rd quarter. Cipher Capital LP now owns 69,380 shares of the technology company’s stock worth $4,582,000 after acquiring an additional 20,919 shares during the period. Columbia Partners L L C Investment Management lifted its stake in shares of AMTEK by 44.2% in the 3rd quarter. Columbia Partners L L C Investment Management now owns 34,315 shares of the technology company’s stock worth $2,266,000 after acquiring an additional 10,519 shares during the period. Macquarie Group Ltd. lifted its stake in shares of AMTEK by 8.3% in the 3rd quarter. Macquarie Group Ltd. now owns 90,200 shares of the technology company’s stock worth $5,957,000 after acquiring an additional 6,900 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of AMTEK by 1.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 640,822 shares of the technology company’s stock worth $42,319,000 after acquiring an additional 9,244 shares during the period. Institutional investors own 83.90% of the company’s stock.

In other AMTEK news, Director Elizebeth R. Varet sold 3,000 shares of AMTEK stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $66.30, for a total transaction of $198,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas M. Montgomery sold 1,800 shares of AMTEK stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $70.35, for a total transaction of $126,630.00. Following the transaction, the vice president now owns 19,947 shares of the company’s stock, valued at approximately $1,403,271.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,955 shares of company stock valued at $11,155,513. 2.10% of the stock is currently owned by company insiders.

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Shares of AMTEK, Inc. (AME) traded up $0.40 during midday trading on Tuesday, hitting $70.66. 1,761,800 shares of the company traded hands, compared to its average volume of 1,354,449. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.59 and a quick ratio of 1.16. AMTEK, Inc. has a 12-month low of $45.78 and a 12-month high of $70.95. The firm has a market capitalization of $16,240.00, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.33.

AMTEK (NYSE:AME) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. research analysts forecast that AMTEK, Inc. will post 2.58 earnings per share for the current fiscal year.

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

AME has been the subject of several recent analyst reports. BidaskClub cut shares of AMTEK from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price on shares of AMTEK in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. raised their target price on shares of AMTEK from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. BMO Capital Markets raised their target price on shares of AMTEK from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $71.80.

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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