Commonwealth Equity Services LLC Has $685,000 Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Commonwealth Equity Services LLC lessened its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 59.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,580 shares of the company's stock after selling 47,218 shares during the quarter. Commonwealth Equity Services LLC's holdings in Amentum were worth $685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new stake in Amentum during the third quarter worth approximately $24,527,000. Citigroup Inc. bought a new stake in shares of Amentum during the 3rd quarter valued at $3,704,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Amentum during the 3rd quarter worth $2,549,000. FMR LLC bought a new position in shares of Amentum in the third quarter worth $2,558,000. Finally, MetLife Investment Management LLC bought a new position in shares of Amentum in the third quarter worth $1,050,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.20.

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Insider Activity

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired 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 in the company, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara Loughran purchased 4,600 shares of the firm'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 completion of the transaction, 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 owned by corporate insiders.

Amentum Stock Down 3.7 %

NYSE AMTM traded down $0.63 during trading on Tuesday, hitting $16.33. 2,336,520 shares of the company's stock were exchanged, compared to its average volume of 2,907,408. The firm's 50 day moving average price is $19.32. Amentum Holdings, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

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.