Trade Report: Today, Nicolet Bankshares Inc. Buys 4,275 Shares of Amtek Inc. (AME)

Today, Nicolet Bankshares Inc. Buys 4,275  Shares of Amtek Inc. (AME)

Nicolet Bankshares Inc. bought a new stake in shares of Amtek Inc. (NYSE:AME) during the third quarter, according to its most recent filing with the SEC. The institutional investor bought 4,275 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also recently modified their holdings of AME. Fuller & Thaler Asset Management Inc. bought a new position in Amtek during the second quarter valued at $106,000. Penserra Capital Management LLC boosted its position in Amtek by 94.8% in the third quarter. Penserra Capital Management LLC now owns 2,413 shares of the company’s stock valued at $114,000 after buying an additional 1,174 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Amtek by 112.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,700 shares of the company’s stock valued at $129,000 after buying an additional 1,429 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Amtek by 65.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,314 shares of the company’s stock valued at $153,000 after buying an additional 1,316 shares during the period. Finally, Creative Planning boosted its position in Amtek by 1.1% in the third quarter. Creative Planning now owns 3,263 shares of the company’s stock valued at $156,000 after buying an additional 37 shares during the period. 88.05% of the stock is owned by hedge funds and other institutional investors.

Amtek Inc. (NYSE:AME) opened at 47.46 on Friday. The stock has a 50 day moving average of $46.17 and a 200 day moving average of $47.10. Amtek Inc. has a 12 month low of $42.82 and a 12 month high of $57.00. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 20.63 and a beta of 1.11.

Amtek (NYSE:AME) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The business earned $945 million during the quarter, compared to analyst estimates of $956.33 million. Amtek had a net margin of 14.01% and a return on equity of 16.68%. Amtek’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Equities analysts anticipate that Amtek Inc. will post $2.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, December 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.76%. Amtek’s dividend payout ratio (DPR) is presently 15.72%.

Several research analysts recently commented on the stock. Jefferies Group reduced their target price on shares of Amtek from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. RBC Capital Markets restated an “outperform” rating and set a $53.00 target price (down previously from $56.00) on shares of Amtek in a report on Friday, August 5th. Stifel Nicolaus reduced their target price on shares of Amtek from $56.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 5th. Oppenheimer Holdings Inc. reduced their target price on shares of Amtek from $56.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, August 5th. Finally, BMO Capital Markets set a $53.00 target price on shares of Amtek and gave the stock a “buy” rating in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.27.

About Amtek

AMETEK, Inc (AMETEK) is a manufacturer of electronic instruments and electromechanical devices. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.

Want to see what other hedge funds are holding AME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amtek Inc. (NYSE:AME).

Receive News & Ratings for Amtek Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amtek Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment