35,555 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by abrdn plc

abrdn plc acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,555 shares of the company's stock, valued at approximately $793,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrow Financial Corp acquired a new stake in Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE acquired a new stake in Amentum in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC acquired a new stake in Amentum in the 3rd quarter valued at about $32,000. Signaturefd LLC acquired a new stake in Amentum in the 3rd quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC acquired a new stake in Amentum in the 3rd quarter valued at about $35,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the acquisition, the insider now directly owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target for the company. Cantor Fitzgerald assumed coverage on shares of Amentum in a research note on Friday, February 7th. They set a "neutral" rating and a $25.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th.

Amentum Price Performance

AMTM stock traded up $0.01 during mid-day trading on Friday, reaching $19.82. 1,456,425 shares of the stock traded hands, compared to its average volume of 2,289,909. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. The stock has a fifty day moving average of $21.67.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. On average, analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Amentum 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.