AEGON ASSET MANAGEMENT UK Plc Sells 25,353 Shares of Amphenol Corporation $APH

AEGON ASSET MANAGEMENT UK Plc trimmed its stake in Amphenol Corporation (NYSE:APH) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,560 shares of the electronics maker’s stock after selling 25,353 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Amphenol were worth $26,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bruce G. Allen Investments LLC lifted its holdings in Amphenol by 9.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock valued at $121,000 after purchasing an additional 84 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 90 shares during the last quarter. Allen Capital Group LLC grew its position in Amphenol by 3.2% during the 3rd quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock worth $373,000 after acquiring an additional 92 shares during the last quarter. Bell Investment Advisors Inc grew its position in Amphenol by 19.2% during the 2nd quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after acquiring an additional 95 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in Amphenol by 9.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 98 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

APH stock opened at $150.97 on Monday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $157.54. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market cap of $184.79 billion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21. The business’s fifty day moving average is $139.45 and its 200-day moving average is $125.83.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the transaction, the chief financial officer owned 167,695 shares of the company’s stock, valued at $24,013,924. This trade represents a 60.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. The trade was a 90.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 698,076 shares of company stock worth $99,081,306 in the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Fox Advisors restated an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. Barclays raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $143.00 to $156.00 in a research note on Monday, January 12th. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, US Capital Advisors set a $165.00 price objective on shares of Amphenol in a research report on Friday, January 9th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.62.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.