Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 171.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,200 shares of the company's stock after purchasing an additional 18,450 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in Amentum were worth $614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arrow Financial Corp purchased a new position in shares of Amentum in the third quarter valued at $26,000. IFP Advisors Inc increased its holdings in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. US Bancorp DE purchased a new position in Amentum during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in Amentum during the third quarter worth about $32,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum in the third quarter valued at about $35,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMTM shares. Royal Bank of Canada reissued a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Raymond James assumed coverage on Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th.

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Amentum Stock Performance

NYSE:AMTM traded down $0.67 on Thursday, hitting $18.59. 850,885 shares of the stock were exchanged, compared to its average volume of 2,165,461. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a fifty-two week low of $17.82 and a fifty-two week high of $34.50. The business has a fifty day moving average of $21.21.

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

Insiders Place Their Bets

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

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.