Bank of Montreal Can Buys Shares of 59,741 Amentum Holdings, Inc. (NYSE:AMTM)

Bank of Montreal Can acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 59,741 shares of the company's stock, valued at approximately $1,256,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMTM. Huntington National Bank purchased a new position in shares of Amentum in the 4th quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in shares of Amentum in the third quarter valued at $32,000. IFP Advisors Inc boosted its position in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after acquiring an additional 833 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Amentum in the 4th quarter worth $36,000. Finally, Horizon Investments LLC purchased a new position in shares of Amentum in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Amentum stock traded up $1.20 during mid-day trading on Thursday, reaching $20.95. 1,067,317 shares of the company were exchanged, compared to its average volume of 2,847,624. 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 12 month low of $16.01 and a 12 month high of $34.47. The firm's fifty day simple moving average is $18.72.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly 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 expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. BTIG Research initiated coverage on Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th. Truist Financial reduced their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley started coverage on Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Amentum currently has a consensus rating of "Hold" and a consensus target price of $24.71.

Insider Transactions at Amentum

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

About Amentum

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.