United Services Automobile Association Raises Stock Holdings in Amphenol Co. (NYSE:APH)

United Services Automobile Association grew its holdings in Amphenol Co. (NYSE:APH) by 102.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,980 shares of the electronics maker’s stock after buying an additional 16,149 shares during the quarter. United Services Automobile Association’s holdings in Amphenol were worth $2,154,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new stake in Amphenol in the 4th quarter worth about $263,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Amphenol by 72.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 7,917 shares of the electronics maker’s stock worth $785,000 after purchasing an additional 3,334 shares in the last quarter. Ieq Capital LLC raised its stake in Amphenol by 4.8% in the 4th quarter. Ieq Capital LLC now owns 42,721 shares of the electronics maker’s stock valued at $4,235,000 after purchasing an additional 1,966 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Amphenol by 3.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,930 shares of the electronics maker’s stock valued at $2,670,000 after purchasing an additional 899 shares in the last quarter. Finally, Ironwood Investment Counsel LLC acquired a new stake in Amphenol during the 4th quarter worth $225,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 2.1 %

NYSE:APH opened at $62.04 on Thursday. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. The stock’s fifty day moving average is $64.79 and its two-hundred day moving average is $62.57. The stock has a market capitalization of $74.71 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is currently 26.91%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on APH shares. Vertical Research started coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Truist Financial increased their price target on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, UBS Group lifted their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock worth $98,236,640 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.