Fedex (FDX) Holder Check Capital Management Has Boosted Stake by $55.52 Million as Market Value Declined; Kings Point Capital Management Has Raised Its Ametek New Com (AME) Stake

February 19, 2018 - By Darrin Black

Kings Point Capital Management increased its stake in Ametek Inc New Com (AME) by 63.71% based on its latest 2017Q3 regulatory filing with the SEC. Kings Point Capital Management bought 38,000 shares as the company’s stock rose 10.20% with the market. The institutional investor held 97,645 shares of the consumer durables company at the end of 2017Q3, valued at $6.45 million, up from 59,645 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Ametek Inc New Com for a number of months, seems to be bullish on the $17.69 billion market cap company. The stock increased 0.94% or $0.71 during the last trading session, reaching $76.55. About 1.39 million shares traded or 14.29% up from the average. AMETEK, Inc. (NYSE:AME) has risen 27.71% since February 19, 2017 and is uptrending. It has outperformed by 11.01% the S&P500.

Check Capital Management Inc increased its stake in Fedex (FDX) by 88.64% based on its latest 2017Q3 regulatory filing with the SEC. Check Capital Management Inc bought 246,752 shares as the company’s stock declined 2.24% while stock markets rallied. The hedge fund held 525,125 shares of the air freight and delivery services company at the end of 2017Q3, valued at $118.46 million, up from 278,373 at the end of the previous reported quarter. Check Capital Management Inc who had been investing in Fedex for a number of months, seems to be bullish on the $65.42B market cap company. The stock decreased 0.34% or $0.84 during the last trading session, reaching $244.19. About 1.48M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 19, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.21, from 0.99 in 2017Q2. It is positive, as 27 investors sold AME shares while 146 reduced holdings. 56 funds opened positions while 151 raised stakes. 192.13 million shares or 2.08% less from 196.23 million shares in 2017Q2 were reported. 284,909 are held by Silvercrest Asset Mngmt Gp Llc. Moreover, Sandy Spring Retail Bank has 0.03% invested in AMETEK, Inc. (NYSE:AME). Oakbrook Ltd Liability Corp reported 0.08% stake. Jennison Assoc Ltd holds 0.15% or 2.20 million shares. Bb&T Securities Ltd Liability Co has 0% invested in AMETEK, Inc. (NYSE:AME). Benjamin F Edwards And has 4,053 shares. Morgan Dempsey Management Ltd Liability Com reported 2,371 shares. 498 are held by Loring Wolcott Coolidge Fiduciary Advisors Llp Ma. Arizona State Retirement reported 114,448 shares. 150 are held by Pathstone Family Office Ltd Liability. Private Ocean Limited Co owns 280 shares. 48,795 are held by Brown Advisory. Johnson Fincl Grp Incorporated invested 0.04% in AMETEK, Inc. (NYSE:AME). Gofen And Glossberg Ltd Liability Il stated it has 18,897 shares or 0.05% of all its holdings. Blair William And Il invested in 825,262 shares.

Since September 19, 2017, it had 0 buys, and 8 insider sales for $15.98 million activity. 12,315 AMETEK, Inc. (NYSE:AME) shares with value of $817,215 were sold by Marecic Thomas C. $10.01 million worth of AMETEK, Inc. (NYSE:AME) was sold by HERMANCE FRANK S. The insider EGINTON WILLIAM D sold 16,368 shares worth $1.26M. On Thursday, February 15 the insider Oscher Ronald J sold $1.13M. ZAPICO DAVID A had sold 25,965 shares worth $1.86M on Monday, December 11.

Among 13 analysts covering AMETEK (NYSE:AME), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AMETEK had 60 analyst reports since August 5, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $84.0 target in Friday, January 19 report. As per Thursday, February 1, the company rating was maintained by Robert W. Baird. On Thursday, February 1 the stock rating was maintained by BMO Capital Markets with “Buy”. Stifel Nicolaus maintained the shares of AME in report on Friday, October 6 with “Buy” rating. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by BMO Capital Markets on Friday, November 3. The stock has “Neutral” rating by Robert W. Baird on Friday, April 29. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, October 28. The rating was maintained by Cowen & Co with “Buy” on Friday, August 11. The stock of AMETEK, Inc. (NYSE:AME) has “Buy” rating given on Thursday, June 8 by Stifel Nicolaus. The stock of AMETEK, Inc. (NYSE:AME) has “Buy” rating given on Tuesday, August 9 by Jefferies.

Kings Point Capital Management, which manages about $448.23M US Long portfolio, decreased its stake in Equifax Inc (NYSE:EFX) by 26,194 shares to 250 shares, valued at $26,000 in 2017Q3, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 22,557 shares in the quarter, leaving it with 5,516 shares, and cut its stake in American Tower Reit Com (NYSE:AMT).

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It increased, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. Franklin Street Advisors Nc holds 1,775 shares. Quantitative Investment Management Llc owns 54,600 shares. 280 are owned by Community Fincl Bank Na. Gradient Investments Limited Company holds 0.02% or 1,050 shares in its portfolio. Evergreen Mgmt Limited Liability Corporation owns 18,906 shares. Accredited holds 1,111 shares or 0.07% of its portfolio. Brown Advisory invested in 21,369 shares or 0.02% of the stock. Asset Mgmt One Communications Limited stated it has 412,034 shares. Bath Savings Trust has invested 0.23% of its portfolio in FedEx Corporation (NYSE:FDX). Moreover, Employees Retirement Systems Of Texas has 0.29% invested in FedEx Corporation (NYSE:FDX) for 97,500 shares. Evermay Wealth Management Limited Liability Company owns 1,395 shares or 0.14% of their US portfolio. Perritt Capital Mngmt Inc holds 0.24% of its portfolio in FedEx Corporation (NYSE:FDX) for 4,015 shares. Smithfield Tru owns 0.07% invested in FedEx Corporation (NYSE:FDX) for 2,221 shares. Caisse De Depot Et Placement Du Quebec has 90,700 shares. Ally Financial Inc invested 0.21% in FedEx Corporation (NYSE:FDX).

Since September 21, 2017, it had 1 buy, and 6 selling transactions for $22.29 million activity. 6,750 shares valued at $1.48 million were sold by Subramaniam Rajesh on Thursday, September 21. Another trade for 80 shares valued at $19,837 was made by SCHWAB SUSAN C on Tuesday, February 6. On Tuesday, January 2 the insider BRONCZEK DAVID J sold $11.89 million. Shares for $802,405 were sold by STEINER DAVID P. Colleran Donald F had sold 10,000 shares worth $2.20M on Thursday, September 21. The insider Maier Henry J sold 11,150 shares worth $2.55M.

Check Capital Management Inc, which manages about $796.94M and $3.35B US Long portfolio, decreased its stake in Carmax (NYSE:KMX) by 9,668 shares to 151,974 shares, valued at $11.52M in 2017Q3, according to the filing.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 107 analyst reports since August 14, 2015 according to SRatingsIntel. Wells Fargo maintained it with “Outperform” rating and $240 target in Thursday, September 21 report. The firm has “Market Perform” rating by Wood given on Wednesday, September 2. The stock has “Outperform” rating by Credit Suisse on Tuesday, March 15. The firm earned “Outperform” rating on Thursday, March 23 by Cowen & Co. Cowen & Co maintained FedEx Corporation (NYSE:FDX) on Friday, July 7 with “Buy” rating. The firm earned “Buy” rating on Friday, January 5 by UBS. Seaport Global initiated the stock with “Hold” rating in Tuesday, June 6 report. On Monday, August 24 the stock rating was downgraded by Zacks to “Hold”. The firm earned “Buy” rating on Wednesday, December 20 by Credit Suisse. The company was maintained on Wednesday, December 20 by KeyBanc Capital Markets.

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