The CEO of Ametek Inc is Exercising Options

By Carrie Williams

Yesterday it was reported that the CEO of Ametek Inc (AMEResearch Report), David Zapico, exercised options to sell 58,760 AME shares at $41.74 a share, for a total transaction value of $5.07M.

Following David Zapico’s last AME Sell transaction on February 20, 2019, the stock climbed by 6.6%. In addition to David Zapico, one other AME executive reported Sell trades in the last month.

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Based on Ametek Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.29 billion and quarterly net profit of $204 million. In comparison, last year the company earned revenue of $1.17 billion and had a net profit of $181 million. AME’s market cap is $19.7B and the company has a P/E ratio of 24.95. Currently, Ametek Inc has an average volume of 890.9K.

Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $97.14, reflecting a 12.6% upside.

The insider sentiment on Ametek Inc has been negative according to 96 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David Zapico’s trades have generated a -14.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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