Amentum Holdings, Inc. (NYSE:AMTM) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 102.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,783 shares of the company's stock after buying an additional 36,778 shares during the period. Corient Private Wealth LLC's holdings in Amentum were worth $1,531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp acquired a new position in shares of Amentum in the 3rd quarter valued at about $236,306,000. Geode Capital Management LLC acquired a new position in Amentum in the third quarter valued at approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new position in shares of Amentum during the third quarter valued at approximately $81,608,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of Amentum by 469.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after purchasing an additional 1,606,442 shares during the last quarter. Finally, Simcoe Capital Management LLC bought a new stake in shares of Amentum in the 3rd quarter worth approximately $37,188,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 1.9 %

AMTM stock traded down $0.36 during trading on Friday, reaching $18.04. 6,245,322 shares of the company's stock were exchanged, compared to its average volume of 2,896,656. Amentum Holdings, Inc. has a 1-year low of $16.95 and a 1-year high of $34.47. The company has a fifty day simple moving average of $19.98. 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 data 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, research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Transactions at Amentum

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMTM. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. Royal Bank of Canada restated 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 report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.20.

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.