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BOK Financial cuts Amphenol holdings despite the company's strong Q4 earnings and revenue growth.
BOK Financial Private Wealth Inc. reduced its holdings in Amphenol Co. (APH) by 8.1% to 54,274 shares, valued at $3.78 million.
Amphenol reported strong Q4 earnings of $0.55 per share, exceeding estimates of $0.50, with a 29.8% year-over-year revenue increase to $4.32 billion.
The company recently announced a $0.165 per share quarterly dividend and has a consensus "Moderate Buy" rating with a price target of $80.68.
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BOK Financial reduce las tenencias de Amfenol a pesar de las fuertes ganancias Q4 de la compañía y el crecimiento de ingresos.