Broad Run Investment Management adds AMETEK (AME) to its portfolio

AMETEK (AME) : Broad Run Investment Management added new position in AMETEK during the most recent quarter end. The investment management firm now holds 200,000 shares of AMETEK which is valued at $9,520,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.AMETEK makes up approximately 0.46% of Broad Run Investment Management’s portfolio.

Other Hedge Funds, Including , Carlson Capital L P added AME to its portfolio by purchasing 350,100 company shares during the most recent quarter which is valued at $16,664,760. AMETEK makes up approx 0.20% of Carlson Capital L P’s portfolio.Monetary Management Group Inc reduced its stake in AME by selling 500 shares or 25.64% in the most recent quarter. The Hedge Fund company now holds 1,450 shares of AME which is valued at $69,020. AMETEK makes up approx 0.03% of Monetary Management Group Inc’s portfolio. Van Eck Associates Corp added AME to its portfolio by purchasing 1,978 company shares during the most recent quarter which is valued at $94,153.Snyder Capital Management L P boosted its stake in AME in the latest quarter, The investment management firm added 19,307 additional shares and now holds a total of 116,987 shares of AMETEK which is valued at $5,568,581. AMETEK makes up approx 0.35% of Snyder Capital Management L P’s portfolio.Stephens Inc Ar boosted its stake in AME in the latest quarter, The investment management firm added 490 additional shares and now holds a total of 4,851 shares of AMETEK which is valued at $224,068. AMETEK makes up approx 0.01% of Stephens Inc Ar’s portfolio.

AMETEK opened for trading at $48.79 and hit $48.91 on the upside on Thursday, eventually ending the session at $48.78, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 15,40,111 shares. Company has a market cap of $11,337 M.

On the company’s financial health, AMETEK reported $0.59 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.59. The company had revenue of $977.70 million for the quarter, compared to analysts expectations of $985.76 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Investors should note that on Aug 4, 2016, AMETEK announced a cash dividend of $0.0900. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on AMETEK. Shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform” and Lowered the Price Target to $ 53 from a previous price target of $56 .

AMETEK Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America Europe Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Company’s EIG segment designs and manufactures advanced instruments for the process aerospace power and industrial markets. It offers process control instruments for the oil and gas petrochemical pharmaceutical semiconductor and factory automation industries. The Company’s EMG segment offers electrical connectors and electronics packaging used in aerospace and defense medical and industrial applications as well as its advanced technical motor and motion control products which are used in a range of medical devices office and business equipment factory automation robotics and other applications.

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