Clifford Swan Investment Counsel LLC Lowers Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Clifford Swan Investment Counsel LLC lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 47.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,430 shares of the company's stock after selling 26,120 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Amentum were worth $619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMTM. Arrow Financial Corp acquired a new position in shares of Amentum in the 3rd quarter valued at $26,000. US Bancorp DE acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in Amentum in the 3rd quarter valued at $32,000. Glen Eagle Advisors LLC acquired a new position in shares of Amentum during the third quarter worth approximately $35,000. Finally, IFP Advisors Inc raised its stake in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

Shares of NYSE AMTM traded down $0.88 on Thursday, reaching $18.37. 1,034,577 shares of the company's stock traded hands, compared to its average volume of 2,695,610. Amentum Holdings, Inc. has a 12 month low of $17.82 and a 12 month high of $34.47. The company has a 50 day moving average of $21.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

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

Analyst Ratings Changes

AMTM has been the subject of several research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. Finally, Raymond James initiated coverage on Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target for the company.

Insider Buying and Selling at Amentum

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

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.