AMTEK, Inc. (NYSE:AME) had its target price lifted by Robert W. Baird from $70.00 to $77.00 in a research report issued on Friday, November 3rd. The firm currently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price indicates a potential upside of 9.62% from the company’s current price.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of AMTEK from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Jefferies Group LLC boosted their target price on shares of AMTEK from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 target price on shares of AMTEK in a research report on Friday, October 13th. Finally, Stifel Nicolaus set a $70.00 target price on shares of AMTEK and gave the company a “buy” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. AMTEK currently has a consensus rating of “Buy” and an average target price of $71.80.
AMTEK (AME) traded down $0.11 during midday trading on Friday, hitting $70.24. 1,000,225 shares of the stock were exchanged, compared to its average volume of 1,353,409. The firm has a market capitalization of $16,230.00, a P/E ratio of 28.38, a PEG ratio of 2.40 and a beta of 1.33. AMTEK has a 12 month low of $45.78 and a 12 month high of $71.24. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51.
WARNING: This report was published by BBNS and is owned by of BBNS. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://baseballnewssource.com/markets/robert-w-baird-raises-amtek-inc-ame-price-target-to-77-00/1755382.html.
In other AMTEK news, insider Thomas C. Marecic sold 12,315 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $66.36, for a total transaction of $817,223.40. Following the transaction, the insider now directly owns 38,367 shares in the company, valued at approximately $2,546,034.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas M. Montgomery sold 1,800 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.35, for a total value of $126,630.00. Following the sale, the vice president now directly owns 19,947 shares of the company’s stock, valued at $1,403,271.45. The disclosure for this sale can be found here. Insiders have sold a total of 167,955 shares of company stock worth $11,155,513 over the last 90 days. Company insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in AMTEK by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock worth $1,367,497,000 after acquiring an additional 687,292 shares during the last quarter. BlackRock Inc. boosted its stake in AMTEK by 0.8% in the 2nd quarter. BlackRock Inc. now owns 13,935,315 shares of the technology company’s stock worth $844,062,000 after purchasing an additional 111,864 shares during the period. Janus Henderson Group PLC boosted its stake in AMTEK by 22,076.4% in the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock worth $387,870,000 after purchasing an additional 6,374,794 shares during the period. Capital Research Global Investors boosted its stake in AMTEK by 2.0% in the 2nd quarter. Capital Research Global Investors now owns 6,277,378 shares of the technology company’s stock worth $380,221,000 after purchasing an additional 121,862 shares during the period. Finally, Boston Partners boosted its stake in AMTEK by 21.7% in the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock worth $345,618,000 after purchasing an additional 932,008 shares during the period. 83.90% of the stock is owned by institutional investors.
AMTEK Company Profile
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
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 our FREE daily email newsletter.