Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by FIL Ltd

FIL Ltd increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 144.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,793,553 shares of the company's stock after buying an additional 1,058,441 shares during the period. FIL Ltd owned about 0.74% of Amentum worth $37,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the last quarter. Invesco Ltd. increased its position in Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after buying an additional 6,055,638 shares in the last quarter. State Street Corp acquired a new stake in Amentum in the third quarter worth about $236,306,000. Primecap Management Co. CA grew its stake in shares of Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after acquiring an additional 1,143,097 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of Amentum during the third quarter valued at about $101,022,000. Institutional investors own 39.93% of the company's stock.

Insider Buying and Selling at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara Loughran purchased 4,600 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the purchase, the director now 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. 18.67% of the stock is currently owned by company insiders.

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Amentum Stock Performance

Shares of AMTM stock traded down $0.12 during trading hours on Wednesday, hitting $18.64. The company had a trading volume of 546,755 shares, compared to its average volume of 2,871,855. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The business's fifty day moving average is $18.95. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley began coverage on Amentum in a research note on Wednesday. They issued an "underweight" rating and a $19.00 target price for the company. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. BTIG Research assumed coverage on shares of Amentum in a research report on Tuesday. They set a "buy" rating and a $30.00 target price for the company. Finally, Truist Financial cut their price target on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.71.

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.