Bank of New York Mellon Corp Reduces Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Bank of New York Mellon Corp trimmed its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 16.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 651,314 shares of the company's stock after selling 123,740 shares during the period. Bank of New York Mellon Corp owned 0.27% of Amentum worth $13,697,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMTM. US Bancorp DE bought a new position in Amentum during the third quarter valued at $30,000. Janney Montgomery Scott LLC bought a new position in Amentum during the third quarter valued at $2,178,000. Amalgamated Bank bought a new position in Amentum during the third quarter valued at $824,000. Principal Financial Group Inc. bought a new position in Amentum during the third quarter valued at $4,695,000. Finally, Atria Investments Inc bought a new position in Amentum during the third quarter valued at $478,000. Institutional investors own 39.93% of the company's stock.

Amentum Trading Up 0.4 %

AMTM traded up $0.07 on Friday, reaching $17.94. 3,726,488 shares of the company traded hands, compared to its average volume of 2,780,822. Amentum Holdings, Inc. has a one year low of $16.95 and a one year high of $34.47. The firm has a fifty day moving average price of $20.79. 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 (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. On average, research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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Analysts Set New Price Targets

Several research firms have recently issued reports on AMTM. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th.

Insider Activity

In other news, insider Steven J. Demetriou acquired 100,000 shares of Amentum 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 purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barbara Loughran acquired 4,600 shares of Amentum stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased 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 in the company, valued at $97,658. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

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.