Zurcher Kantonalbank Zurich Cantonalbank Sells 45,558 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 55.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,538 shares of the company's stock after selling 45,558 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Amentum were worth $768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in Amentum during the 3rd quarter valued at $790,000. JPMorgan Chase & Co. bought a new position in shares of Amentum during the 3rd quarter worth about $8,739,000. Foundations Investment Advisors LLC bought a new position in shares of Amentum during the 4th quarter worth about $409,000. A. D. Beadell Investment Counsel Inc. raised its position in shares of Amentum by 177.0% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company's stock valued at $907,000 after buying an additional 27,575 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Amentum in the third quarter valued at about $6,840,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares of the company's stock, valued at approximately $97,658. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several brokerages recently issued reports on AMTM. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Amentum presently has an average rating of "Hold" and a consensus price target of $26.20.

Amentum Stock Up 0.5 %

AMTM traded up $0.10 during midday trading on Tuesday, reaching $18.77. 1,620,565 shares of the company's stock were exchanged, compared to its average volume of 2,770,234. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The company's 50-day moving average is $20.36. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.