Could Ametek Inc (NYSE:AME) Change Direction After More Shorts?

March 18, 2018 - By Marguerite Chambers

 Could Ametek Inc (NYSE:AME) Change Direction After More Shorts?

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.21, from 0.99 in 2017Q2. It is positive, as 27 investors sold AMETEK, Inc. shares while 146 reduced holdings. 56 funds opened positions while 151 raised stakes. 192.13 million shares or 2.08% less from 196.23 million shares in 2017Q2 were reported.
Raymond James & Associate holds 217,080 shares or 0.03% of its portfolio. Gateway Inv Advisers Limited holds 21,421 shares. Acadian Asset Management Limited Co reported 0% in AMETEK, Inc. (NYSE:AME). Cambridge Investment Research Advisors Inc invested 0% of its portfolio in AMETEK, Inc. (NYSE:AME). 42 were reported by Enterprise Fin. Zeke Advsrs Ltd holds 0.03% or 3,504 shares. Bessemer Gru stated it has 0% of its portfolio in AMETEK, Inc. (NYSE:AME). Perigon Wealth Management Limited Liability Com reported 0.29% of its portfolio in AMETEK, Inc. (NYSE:AME). Stevens Mgmt Limited Partnership reported 36,641 shares stake. Neuberger Berman Group Inc Ltd Limited Liability Company accumulated 309,490 shares. Federated Investors Pa has 0% invested in AMETEK, Inc. (NYSE:AME) for 5,866 shares. Commonwealth Comml Bank Of has invested 0% in AMETEK, Inc. (NYSE:AME). Mycio Wealth Ptnrs Limited Liability invested 0.07% in AMETEK, Inc. (NYSE:AME). West Oak Capital Lc holds 0.2% of its portfolio in AMETEK, Inc. (NYSE:AME) for 5,000 shares. Stephens Ar owns 6,260 shares.

Since September 19, 2017, it had 0 insider purchases, and 12 selling transactions for $18.44 million activity. The insider Hardin John Wesley sold 25,965 shares worth $2.04M. Another trade for 150,840 shares valued at $10.01 million was sold by HERMANCE FRANK S. $229,358 worth of stock was sold by Kohlhagen Steven W on Wednesday, February 21. 6,295 AMETEK, Inc. (NYSE:AME) shares with value of $470,375 were sold by VARET ELIZEBETH R. $1.86 million worth of stock was sold by ZAPICO DAVID A on Monday, December 11. On Monday, February 5 the insider EGINTON WILLIAM D sold $1.26 million.

The stock of Ametek Inc (NYSE:AME) registered an increase of 22.33% in short interest. AME’s total short interest was 2.43 million shares in March as published by FINRA. Its up 22.33% from 1.99 million shares, reported previously. With 1.09 million shares average volume, it will take short sellers 2 days to cover their AME’s short positions. The short interest to Ametek Inc’s float is 1.07%.

The stock increased 0.92% or $0.72 during the last trading session, reaching $78.68. About 1.43 million shares traded or 23.45% up from the average. AMETEK, Inc. (NYSE:AME) has risen 27.71% since March 18, 2017 and is uptrending. It has outperformed by 11.01% the S&P500.

AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. The company has market cap of $18.20 billion. The Company’s Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, and automation markets; instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets; and vision systems to inspect surfaces. It has a 26.76 P/E ratio. This segment also provides aircraft and engine sensors, monitoring systems, power instruments, data acquisition units, and fuel and fluid measurement systems for the aerospace industry; power quality monitoring and metering devices, industrial battery chargers, uninterruptible power supplies, programmable power and electrical test equipment, and gas turbine sensors; and dashboard instruments for heavy trucks and other vehicles, as well as timing controls and cooking computers for the food service industry.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Among 13 analysts covering AMETEK (NYSE:AME), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AMETEK had 61 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, October 13. The stock of AMETEK, Inc. (NYSE:AME) earned “Buy” rating by BMO Capital Markets on Tuesday, June 27. On Wednesday, August 2 the stock rating was maintained by Oppenheimer with “Buy”. The company was maintained on Thursday, October 26 by Cowen & Co. KeyBanc Capital Markets maintained the shares of AME in report on Friday, September 15 with “Buy” rating. The rating was maintained by Oppenheimer with “Outperform” on Friday, August 5. The firm has “Buy” rating by BMO Capital Markets given on Thursday, February 1. RBC Capital Markets maintained the shares of AME in report on Wednesday, January 3 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Friday, January 19. KeyBanc Capital Markets maintained AMETEK, Inc. (NYSE:AME) on Thursday, January 18 with “Buy” rating.

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