Envestnet Asset Management Inc. reduced its holdings in AMETEK, Inc. (NYSE:AME) by 6.3% in the third quarter, now owning 241,138 shares worth an estimated $45.3 million. Despite this, institutional investors collectively hold 87.43% of the company’s stock. AMETEK reported strong Q3 earnings, beating consensus estimates with an EPS of $2.01 and revenue up 13.4%, and has a consensus analyst rating of “Moderate Buy” with a $243 price target.
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AMETEK, Inc. $AME Stock Holdings Reduced by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. reduced its holdings in AMETEK, Inc. (NYSE:AME) by 6.3% in the third quarter, now owning 241,138 shares worth an estimated $45.3 million. Despite this, institutional investors collectively hold 87.43% of the company’s stock. AMETEK reported strong Q3 earnings, beating consensus estimates with an EPS of $2.01 and revenue up 13.4%, and has a consensus analyst rating of “Moderate Buy” with a $243 price target.