Advisors Asset Management Inc. Buys New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Advisors Asset Management Inc. acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 79,252 shares of the company's stock, valued at approximately $2,556,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arrow Financial Corp acquired a new position in Amentum during the 3rd quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in shares of Amentum during the third quarter valued at $30,000. Signaturefd LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $33,000. HM Payson & Co. purchased a new position in Amentum in the 3rd quarter worth $38,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Amentum in the 3rd quarter worth $43,000.

Analysts Set New Price Targets

Several analysts have weighed in on AMTM shares. Truist Financial started coverage on Amentum in a report on Monday, October 14th. They issued a "buy" rating and a $31.00 price objective on the stock. Raymond James initiated coverage on Amentum in a research report on Thursday. They issued an "outperform" rating and a $30.00 target price on the stock.

Amentum Stock Down 1.3 %

NYSE:AMTM traded down $0.33 during mid-day trading on Friday, hitting $24.43. The company's stock had a trading volume of 1,467,043 shares, compared to its average volume of 1,708,794. Amentum Holdings, Inc. has a 1 year low of $21.24 and a 1 year high of $34.50.

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.