Charles Schwab Investment Management Inc. Boosts Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Charles Schwab Investment Management Inc. boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 66.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,264,257 shares of the company's stock after buying an additional 503,741 shares during the period. Charles Schwab Investment Management Inc. owned 0.52% of Amentum worth $26,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMTM. Jones Financial Companies Lllp bought a new stake in shares of Amentum in the fourth quarter worth about $778,000. US Bancorp DE increased its stake in Amentum by 2,872.6% in the 4th quarter. US Bancorp DE now owns 27,942 shares of the company's stock worth $588,000 after acquiring an additional 27,002 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Amentum during the 4th quarter worth approximately $395,000. Hahn Capital Management LLC boosted its position in shares of Amentum by 47.9% during the 4th quarter. Hahn Capital Management LLC now owns 77,322 shares of the company's stock valued at $1,626,000 after acquiring an additional 25,036 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Amentum in the fourth quarter valued at $1,504,000. 39.93% of the stock is owned by institutional investors.

Insider Buying and Selling

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

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Analyst Ratings Changes

A number of brokerages have commented on AMTM. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday. They issued a "neutral" rating and a $21.00 price target for the company. Raymond James started coverage on Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $26.20.

Amentum Trading Up 0.0 %

Shares of NYSE AMTM traded up $0.01 during trading hours on Friday, hitting $18.33. 1,293,589 shares of the stock were exchanged, compared to its average volume of 2,779,978. Amentum Holdings, Inc. has a 12 month low of $16.95 and a 12 month high of $34.47. The firm's fifty day simple moving average is $20.53. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, sell-side analysts forecast 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.