Ascend Capital LLC Raised Its Holding in Ametek INC New (AME) as Stock Rose

October 13, 2018 - By Marie Mckinney

AMETEK, Inc. (NYSE:AME) LogoInvestors sentiment increased to 1.16 in 2018 Q2. Its up 0.22, from 0.94 in 2018Q1. It improved, as 22 investors sold AME shares while 169 reduced holdings. 58 funds opened positions while 164 raised stakes. 190.75 million shares or 0.98% more from 188.90 million shares in 2018Q1 were reported. Bb&T Securities Llc stated it has 7,908 shares. Profund Advsrs Limited Liability Company invested in 0.01% or 5,201 shares. Ascend Cap Limited Liability Company holds 2.56% in AMETEK, Inc. (NYSE:AME) or 752,274 shares. Guggenheim Lc reported 32,137 shares. Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma stated it has 498 shares or 0% of all its holdings. 3,652 are owned by Grandfield Dodd Limited Liability Company. Bnp Paribas Arbitrage has 610,418 shares for 0% of their portfolio. Boothbay Fund Mgmt Ltd Liability holds 0.09% of its portfolio in AMETEK, Inc. (NYSE:AME) for 13,681 shares. 84,979 are held by Smith Salley &. Bluecrest Mgmt Limited reported 45,112 shares. Barrett Asset Management Ltd Com holds 0% or 841 shares. State Of Wisconsin Board owns 0.07% invested in AMETEK, Inc. (NYSE:AME) for 313,221 shares. Clearbridge Ltd Limited Liability Company reported 699,289 shares stake. Amalgamated Bancorporation invested in 30,611 shares. Liberty Mutual Grp Inc Asset Inc reported 9,257 shares stake.

Since June 8, 2018, it had 0 insider purchases, and 13 sales for $6.04 million activity. VARET ELIZEBETH R sold $151,120 worth of stock or 2,000 shares. Hardin John Wesley sold $2.44 million worth of stock. Burke William Joseph sold 15,600 shares worth $1.25M.

Ascend Capital Llc increased its stake in Ametek Inc New (AME) by 357.88% based on its latest 2018Q2 regulatory filing with the SEC. Ascend Capital Llc bought 587,979 shares as the company’s stock rose 5.85% with the market. The hedge fund held 752,274 shares of the consumer durables company at the end of 2018Q2, valued at $54.28M, up from 164,295 at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Ametek Inc New for a number of months, seems to be bullish on the $16.88B market cap company. The stock increased 1.32% or $0.95 during the last trading session, reaching $72.8. About 1.43 million shares traded or 32.88% up from the average. AMETEK, Inc. (NYSE:AME) has risen 22.83% since October 13, 2017 and is uptrending. It has outperformed by 7.21% the S&P500.

Ascend Capital Llc, which manages about $4.98B and $2.12 billion US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 43,230 shares to 40,750 shares, valued at $7.95 million in 2018Q2, according to the filing. It also reduced its holding in Andeavor by 315,953 shares in the quarter, leaving it with 73,233 shares, and cut its stake in Marriott Intl Inc New (NASDAQ:MAR).

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Among 3 analysts covering AMETEK (NYSE:AME), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. AMETEK had 5 analyst reports since May 3, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Outperform” on Thursday, May 3. Morgan Stanley maintained AMETEK, Inc. (NYSE:AME) on Thursday, May 3 with “Equal-Weight” rating. Bank of America maintained it with “Buy” rating and $91 target in Wednesday, August 1 report. The company was maintained on Wednesday, August 1 by Morgan Stanley. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by BMO Capital Markets on Wednesday, August 1.

AMETEK, Inc. (NYSE:AME) Institutional Positions Chart

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