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Envestnet cuts AMETEK holdings by 14.4%, despite company slightly beating earnings estimates.
Envestnet Asset Management sold 46,061 AMETEK shares, reducing their holdings by 14.4%, to 272,815 shares.
AMETEK, a technology company that manufactures electronic instruments and electromechanical devices, saw its shares open at $157.39.
Despite Truist Financial lowering its price target to $196, AMETEK has an average rating of "Moderate Buy" and reported earnings of $1.87 per share, slightly beating analyst estimates.
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Envestnet reduce las participaciones de AMETEK en un 14,4%, a pesar de que la empresa supera ligeramente las estimaciones de ingresos.