Giverny Capital Asset Management Sold Ametek (AME) Due to Valuation Gap

2 hours ago 2

Soumya Eswaran

Thu, June 18, 2026 astatine 7:15 AM CDT 2 min read

Giverny Capital Asset Management, LLC, an concern absorption company, precocious published its first-quarter 2026 capitalist letter. A transcript tin beryllium downloaded here. The exemplary portfolio fell 6.88% this quarter, compared to the S&P 500's 4.33% decline. Over the past year, the portfolio gained 8.52%, portion the scale accrued by 17.80%. Geopolitical conflicts and ostentation concerns drove quarterly volatility. Despite ongoing uncertainties, the steadfast remains assured that its portfolio companies volition prolong beardown net and support steadfast equilibrium sheets, focusing connected company-specific quality alternatively than short-term fluctuations. Additionally, you tin reappraisal the Portfolio's apical 5 holdings to spot its champion picks for 2026.

In its first-quarter 2026 capitalist letter, Giverny Capital Asset Management highlighted AMETEK, Inc. (NYSE:AME). AMETEK, Inc. (NYSE:AME) is simply a starring shaper of physics instruments and electromechanical devices. On June 17, 2026, AMETEK, Inc. (NYSE:AME) banal closed astatine $231.27 per share. One-month instrumentality of AMETEK, Inc. (NYSE:AME) was 3.63%, and its shares gained 30.10% implicit the past 52 weeks. AMETEK, Inc. (NYSE:AME) has a marketplace capitalization of $53.00 billion.

Giverny Capital Asset Management stated the pursuing regarding AMETEK, Inc. (NYSE:AME) successful its Q1 2026 capitalist letter:

We exited Ametek successful February astatine $232, aft trimming the presumption successful the 4th quarter. I americium an admirer of Ametek and americium appreciative of the good instrumentality we earned arsenic shareholders implicit our six years of ownership. However, Ametek's rising PE aggregate of ~27x felt excessively precocious comparative to its semipermanent net maturation complaint of astir 10% and its instrumentality connected equity of 15%. The maturation and instrumentality connected equity figures are solid, but bash not warrant a maturation banal multiple.

BMO Capital Sees AMETEK (AME) Rebounding After Lagging 2025 Performance

AMETEK, Inc. (NYSE:AME) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 70 hedge money portfolios held AMETEK, Inc. (NYSE:AME) astatine the extremity of the archetypal quarter, up from 64 successful the erstwhile quarter. While we admit the imaginable of AMETEK, Inc. (NYSE:AME) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

In another article, we covered AMETEK, Inc. (NYSE:AME) and shared TCW Relative Value Large Cap Fund's views connected the company. In addition, delight cheque retired our hedge money capitalist letters Q1 2026 page for much capitalist letters from hedge funds and different starring investors.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.

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