Fiduciary Management Cut Unitedhealth Group (UNH) Stake; Ametek New (AME) Shorts Lowered By 4.18%

December 16, 2017 - By Richard Conner

Fiduciary Management Inc decreased Unitedhealth Group (UNH) stake by 6.2% reported in 2017Q2 SEC filing. Fiduciary Management Inc sold 236,005 shares as Unitedhealth Group (UNH)’s stock rose 9.50%. The Fiduciary Management Inc holds 3.57 million shares with $661.76M value, down from 3.80M last quarter. Unitedhealth Group now has $214.96B valuation. The stock increased 0.26% or $0.57 during the last trading session, reaching $221.82. About 6.29M shares traded or 107.11% up from the average. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.76% since December 16, 2016 and is uptrending. It has outperformed by 16.06% the S&P500.

Ametek Incorporated New (NYSE:AME) had a decrease of 4.18% in short interest. AME’s SI was 2.21 million shares in December as released by FINRA. Its down 4.18% from 2.31 million shares previously. With 985,500 avg volume, 2 days are for Ametek Incorporated New (NYSE:AME)’s short sellers to cover AME’s short positions. The SI to Ametek Incorporated New’s float is 0.98%. The stock increased 0.37% or $0.26 during the last trading session, reaching $71.22. About 3.17 million shares traded or 164.31% up from the average. AMETEK, Inc. (NYSE:AME) has risen 27.71% since December 16, 2016 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 $16.46 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 29.94 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.

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.21, from 0.99 in 2017Q1. It is positive, as 27 investors sold AMETEK, Inc. shares while 167 reduced holdings. 63 funds opened positions while 129 raised stakes. 196.23 million shares or 3.91% less from 204.21 million shares in 2017Q1 were reported. Sit Investment Assoc Inc owns 24,000 shares for 0.04% of their portfolio. Geode Llc has invested 0.05% in AMETEK, Inc. (NYSE:AME). Riverhead Cap Mngmt Limited Liability Company holds 0.03% or 8,718 shares. California State Teachers Retirement stated it has 0.06% of its portfolio in AMETEK, Inc. (NYSE:AME). Stoneridge Investment Prtnrs Ltd Liability Corp stated it has 30,732 shares. Da Davidson & Commerce has invested 0% in AMETEK, Inc. (NYSE:AME). Qci Asset Management invested in 0.01% or 705 shares. Moreover, Co Bancorporation has 0.02% invested in AMETEK, Inc. (NYSE:AME). Goldman Sachs Inc accumulated 0.04% or 2.44M shares. Ontario Teachers Pension Plan Board holds 0.09% of its portfolio in AMETEK, Inc. (NYSE:AME) for 124,277 shares. Southeast Asset Advsrs has invested 0.46% of its portfolio in AMETEK, Inc. (NYSE:AME). 121,085 are held by Jlb &. Glenmede Tru Com Na reported 340,804 shares. State Board Of Administration Of Florida Retirement System has invested 0.06% in AMETEK, Inc. (NYSE:AME). Glg Limited Liability Corporation stated it has 0.04% of its portfolio in AMETEK, Inc. (NYSE:AME).

Among 12 analysts covering AMETEK (NYSE:AME), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. AMETEK had 48 analyst reports since August 5, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of AME in report on Thursday, August 3 with “Outperform” rating. Stifel Nicolaus maintained it with “Buy” rating and $7300 target in Wednesday, August 2 report. As per Friday, October 13, the company rating was maintained by Jefferies. The firm has “Buy” rating by Robert W. Baird given on Friday, October 6. The stock of AMETEK, Inc. (NYSE:AME) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 3. The rating was maintained by RBC Capital Markets on Wednesday, November 2 with “Outperform”. RBC Capital Markets maintained AMETEK, Inc. (NYSE:AME) on Wednesday, October 11 with “Buy” rating. BMO Capital Markets maintained it with “Buy” rating and $77.0 target in Monday, October 16 report. BMO Capital Markets initiated the shares of AME in report on Tuesday, April 5 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, June 27 by BMO Capital Markets.

Since August 4, 2017, it had 0 insider purchases, and 7 selling transactions for $13.35 million activity. $10.01 million worth of AMETEK, Inc. (NYSE:AME) was sold by HERMANCE FRANK S on Wednesday, September 20. 25,965 shares were sold by ZAPICO DAVID A, worth $1.86 million on Monday, December 11. Hardin John Wesley had sold 2,600 shares worth $167,726. Another trade for 1,500 shares valued at $96,740 was sold by MONTGOMERY THOMAS M. The insider VARET ELIZEBETH R sold 3,000 shares worth $198,912. 12,315 shares valued at $817,215 were sold by Marecic Thomas C on Tuesday, September 19.

Among 25 analysts covering UnitedHealth Group (NYSE:UNH), 25 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. UnitedHealth Group had 72 analyst reports since September 2, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $215 target in Thursday, August 17 report. Stifel Nicolaus maintained the shares of UNH in report on Tuesday, June 27 with “Buy” rating. The company was maintained on Wednesday, July 19 by Citigroup. Piper Jaffray maintained UnitedHealth Group Incorporated (NYSE:UNH) on Friday, August 25 with “Buy” rating. On Tuesday, July 18 the stock rating was maintained by Mizuho with “Buy”. FBR Capital maintained UnitedHealth Group Incorporated (NYSE:UNH) rating on Thursday, November 19. FBR Capital has “Outperform” rating and $130 target. Cantor Fitzgerald maintained it with “Buy” rating and $20500 target in Wednesday, June 7 report. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has “Buy” rating given on Thursday, July 13 by Deutsche Bank. Oppenheimer maintained UnitedHealth Group Incorporated (NYSE:UNH) on Friday, July 7 with “Buy” rating. Mizuho maintained the stock with “Buy” rating in Friday, November 20 report.

Fiduciary Management Inc increased Accenture Plc. (NYSE:ACN) stake by 3,201 shares to 7.04 million valued at $870.11M in 2017Q2. It also upped Eplus Inc. (NASDAQ:PLUS) stake by 538,286 shares and now owns 1.06M shares. Penske Automotive (NYSE:PAG) was raised too.

Since August 3, 2017, it had 0 insider buys, and 5 insider sales for $15.18 million activity. Another trade for 50,574 shares valued at $10.02 million was made by RENFRO LARRY C on Friday, September 15. ROOS THOMAS E sold $200,333 worth of stock. WILENSKY GAIL R sold $1.12 million worth of stock. BALLARD WILLIAM C JR sold $969,915 worth of stock or 5,000 shares. 15,000 shares were sold by BURKE RICHARD T, worth $2.88M.

Analysts await UnitedHealth Group Incorporated (NYSE:UNH) to report earnings on January, 16. They expect $2.50 earnings per share, up 18.48% or $0.39 from last year’s $2.11 per share. UNH’s profit will be $2.42 billion for 22.18 P/E if the $2.50 EPS becomes a reality. After $2.66 actual earnings per share reported by UnitedHealth Group Incorporated for the previous quarter, Wall Street now forecasts -6.02% negative EPS growth.

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.11, from 1.02 in 2017Q1. It dropped, as 53 investors sold UNH shares while 496 reduced holdings. 122 funds opened positions while 438 raised stakes. 816.36 million shares or 0.29% more from 813.97 million shares in 2017Q1 were reported. Wealthtrust Fairport invested in 0.02% or 1,082 shares. State Board Of Administration Of Florida Retirement System invested 0.71% in UnitedHealth Group Incorporated (NYSE:UNH). Alliancebernstein LP holds 1.13% or 7.91 million shares in its portfolio. The Tennessee-based Pinnacle Prns Incorporated has invested 1.12% in UnitedHealth Group Incorporated (NYSE:UNH). Roof Eidam & Maycock Adv, a California-based fund reported 9,590 shares. 1,100 were reported by Fcm Invests Tx. Strategic Svcs holds 27,643 shares. Geode Cap Mngmt Lc holds 0.68% or 9.28 million shares. Liberty Mutual Grp Inc Asset Mgmt Incorporated owns 61,606 shares for 0.46% of their portfolio. Hartford Fincl reported 0.29% stake. Doheny Asset Management Ca reported 0.1% stake. Beach Investment Counsel Pa holds 0.06% or 3,000 shares in its portfolio. Associated Banc owns 128,939 shares or 1.36% of their US portfolio. Barrow Hanley Mewhinney & Strauss Ltd invested 0.43% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt stated it has 265,500 shares or 0.46% of all its holdings.

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