JPMorgan Chase & Co. Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

JPMorgan Chase & Co. acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 270,969 shares of the company's stock, valued at approximately $8,739,000. JPMorgan Chase & Co. owned about 0.11% of Amentum as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AMTM. Dover Advisors LLC bought a new position in Amentum during the third quarter valued at about $219,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of Amentum during the third quarter valued at approximately $1,764,000. Heritage Family Offices LLP acquired a new position in shares of Amentum in the third quarter valued at $308,000. ZWJ Investment Counsel Inc. bought a new position in Amentum in the third quarter worth $2,256,000. Finally, Compass Wealth Management LLC acquired a new stake in Amentum during the third quarter worth $804,000. Institutional investors own 39.93% of the company's stock.

Amentum Trading Up 1.8 %

Shares of NYSE AMTM traded up $0.40 during mid-day trading on Tuesday, hitting $23.22. 2,068,705 shares of the stock were exchanged, compared to its average volume of 2,670,042. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50. The firm's fifty day moving average price is $23.84.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial began coverage on shares of Amentum in a report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective for the company. Raymond James assumed coverage on Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Royal Bank of Canada started coverage on Amentum in a research note on Friday. They issued a "sector perform" rating and a $24.00 price target on the stock.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.