Avestar Capital LLC Has $485,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Avestar Capital LLC raised its holdings in shares of Amphenol Co. (NYSE:APH) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,967 shares of the electronics maker’s stock after purchasing an additional 814 shares during the quarter. Avestar Capital LLC’s holdings in Amphenol were worth $485,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management increased its position in Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after buying an additional 25,007 shares during the period. Daiwa Securities Group Inc. increased its position in Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after buying an additional 90,450 shares during the period. LMR Partners LLP increased its position in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after buying an additional 223,784 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after buying an additional 19,496 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on APH shares. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Stock Performance

NYSE:APH opened at $68.88 on Friday. The stock’s 50-day simple moving average is $71.29 and its 200 day simple moving average is $68.31. The firm has a market capitalization of $83.42 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $52.06 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. On average, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is 34.55%.

Amphenol Company 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.