Lake Street Advisors Group LLC Has $650,000 Holdings in Amphenol Co. (NYSE:APH)

Lake Street Advisors Group LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,953 shares of the electronics maker’s stock after buying an additional 415 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Amphenol were worth $650,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC raised its position in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol in the second quarter worth $29,000. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Finally, Sachetta LLC raised its holdings in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on APH. Bank of America upped their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. TD Cowen raised their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Insiders Place Their Bets

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction 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 $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 570,000 shares of company stock valued at $37,209,000. 1.80% of the stock is currently owned by insiders.

Amphenol Trading Down 0.6 %

APH stock opened at $69.41 on Friday. Amphenol Co. has a 1-year low of $39.48 and a 1-year high of $71.20. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $65.03 and its 200-day moving average is $64.51. The firm has a market cap of $83.38 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Equities analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Profile

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.