United Capital Financial Advisors LLC Cuts Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

United Capital Financial Advisors LLC lessened its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,313 shares of the company's stock after selling 28,247 shares during the quarter. United Capital Financial Advisors LLC's holdings in Amentum were worth $2,152,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Invesco Ltd. lifted its holdings in Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after purchasing an additional 6,055,638 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in Amentum by 396.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after buying an additional 3,319,364 shares in the last quarter. Geode Capital Management LLC purchased a new position in Amentum in the 3rd quarter valued at about $101,022,000. Vanguard Group Inc. boosted its holdings in Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after buying an additional 2,529,173 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Amentum by 469.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock worth $40,981,000 after buying an additional 1,606,442 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Up 3.5 %

Shares of NYSE AMTM traded up $0.67 during midday trading on Wednesday, reaching $19.82. 974,282 shares of the stock were exchanged, compared to its average volume of 2,845,520. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50 day moving average of $18.72. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMTM shares. Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target on the stock. 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. Finally, Truist Financial decreased their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $24.71.

Insider Buying and Selling at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased 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 in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

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.