Hudson Bay Capital Management Reduces $2M in AMETEK, Inc. ($AME)
Hudson Bay Capital trims its position in AMETEK, reducing its stake by over 8% in a recent filing.
Key Points
- Hudson Bay Capital trimmed its AMETEK, Inc. stake by 8.4%, selling 7,194 shares as of the latest SEC filing.
- AMETEK shares trade around $232.15 with a market cap of $52.8 billion and a P/E ratio of 34.86.
- Insiders and analysts remain active, with recent buys and multiple analyst ratings, including a new hold rating from Citigroup.
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Hudson Bay Capital Management recently trimmed its stake in AMETEK, Inc. (NYSE:AME), reducing its holdings by 7,194 shares. The fund now holds 78,167 shares valued at approximately $18.1 million. This adjustment, disclosed in a Form 13F filing with the SEC, reflects a decrease of about 8.4% from the previous quarter.
What Changed in Hudson Bay Capital's AMETEK Position
Hudson Bay Capital reduced its AMETEK holdings from 85,361 shares to 78,167 shares, a decrease of 7,194 shares or 8.4%. The value of the holdings stands at $18.1 million, based on the latest market data. This move shows a slight reduction in the firm's exposure to AMETEK.
Other Institutional Activity in AMETEK
Several other institutional investors also adjusted their positions in AMETEK. BlackRock, Inc. cut its holdings by 824,909 shares, bringing its total to 18,828,257 shares worth about $4.04 billion. Vanguard Capital Management LLC added 14,926,515 shares, resulting in a total of 14,926,515 shares valued at approximately $3.2 billion. State Street Corp increased its stake by 127,524 shares to 10,083,885 shares, valued at $2.16 billion. Price T Rowe Associates Inc /MD/ reduced its holdings by 967,516 shares, leaving it with 6,924,498 shares worth $1.48 billion.
AMETEK, Inc. Stock Up 2.9%
Shares of AMETEK, Inc. (NYSE:AME) are trading around $232.15. The company has a market cap of approximately $52.8 billion and a P/E ratio of 34.86. Its forward P/E is 26.15, with a beta of 1.004, indicating its stock moves roughly in line with the market. AMETEK's 52-week range is $174.43 to $243.18, with a 50-day moving average of $229.51 and a 200-day moving average of $211.14.
$AME stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
AMETEK reported strong financial results, with revenue reaching $7.6 billion, reflecting a growth of 11.3%. The company's net margin stands at 20.1%, and it has a return on equity of 14.6%. The earnings per share (EPS) is $6.61. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 2.5%. Revenue met estimates.
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Profit surprise
EBITDA met by 1 percent. Operating income met by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 1.1 points. Positive free cash flow.
Earnings Call Summary
The company reported first quarter revenue of $1.93 billion, up 11 percent, with earnings per share of $1.97, beating guidance of $1.85 to $1.90. Orders jumped 23 percent to a record $2.2 billion, with backlog reaching $3.87 billion. Core operating margins expanded 160 basis points to 27.9 percent, driven by EMG margin growth of 410 basis points and strong execution across all divisions. The company acquired First Aviation Services for defense aftermarket expansion and has $5 billion plus in available capital for M&A while maintaining investment-grade rating.
Guidance AMETEK raised full year earnings to $7.94 to $8.14 per share, up 7 to 10 percent from last year. Second quarter expected at $1.96 to $2 per share. Sales forecast for 2026 remains high single digit growth with mid-single digit organic growth, reflecting strong orders momentum into the year.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
AMETEK pays an annual dividend rate of $1.36, yielding 0.59%. The dividend payout ratio is a modest 19.18%, indicating a sustainable dividend policy.
Insider Buying and Selling at AMETEK, Inc.
Recent insider activity at AMETEK includes Ronald Oscher, Chief Administrative Officer, buying and selling 39,954 shares on May 27, 2026. Nick Stanage purchased 760 shares on May 7, 2026, at an average price of $234.73. Thomas Amato made several transactions on March 24, 2026, involving buys and sells of 500 and 530 shares, respectively.
Analysts Set New Price Targets
On June 15, 2026, Citigroup initiated coverage on AMETEK with a hold rating and a $257 price target. Earlier in May, Truist Securities reiterated a buy rating with a $275 target, and DA Davidson maintained a buy rating at $265. The consensus among 19 analysts is a target mean price of $259.16.
About AMETEK, Inc.
AMETEK, Inc., based in Berwyn, Pennsylvania, is a leader in the industrial machinery sector. It operates through two main segments: Electronic Instruments and Electromechanical Devices. The company serves a wide range of industries, including aerospace, defense, and healthcare, providing high-quality instruments and components. Led by CEO David A. Zapico, AMETEK employs around 22,500 people worldwide.
Bottom Line
Hudson Bay Capital's recent reduction in its AMETEK holdings is part of the fund's portfolio adjustments as disclosed in its latest 13F filing. Investors often track such filings to gauge institutional sentiment, though it's important to remember these filings are historical and may not reflect current positions. AMETEK continues to attract attention with its solid financial performance and active analyst coverage.
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