Retirement Systems of Alabama Has $13.07 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Retirement Systems of Alabama trimmed its position in Amphenol Co. (NYSE:APH) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,862 shares of the electronics maker’s stock after selling 3,001 shares during the quarter. Retirement Systems of Alabama’s holdings in Amphenol were worth $13,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Amphenol by 1.3% during the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after acquiring an additional 691,964 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Amphenol by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after acquiring an additional 653,354 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock valued at $1,104,056,000 after acquiring an additional 564,110 shares during the period. Flossbach Von Storch AG lifted its position in shares of Amphenol by 1.9% during the 3rd quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock valued at $664,220,000 after acquiring an additional 151,058 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Amphenol by 6.0% during the 3rd quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock valued at $520,380,000 after acquiring an additional 351,353 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APH shares. Robert W. Baird upped their target price on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upped their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Bank of America upped their price objective on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group began coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Finally, Evercore ISI upped their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Price Performance

Shares of APH opened at $119.29 on Thursday. The stock has a market cap of $71.65 billion, a PE ratio of 36.48, a PEG ratio of 3.21 and a beta of 1.30. The business has a 50-day simple moving average of $112.98 and a two-hundred day simple moving average of $100.59. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol Co. has a 12-month low of $72.77 and a 12-month high of $123.60.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Analysts anticipate that Amphenol Co. will post 3.34 earnings per share for the current fiscal year.

Amphenol declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 over the last 90 days. Company insiders own 1.80% of the company’s stock.

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.