Amentum Holdings, Inc. (NYSE:AMTM) Stock Position Reduced by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,963,248 shares of the company's stock after selling 1,182,016 shares during the period. Geode Capital Management LLC owned approximately 0.81% of Amentum worth $41,301,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Amentum by 469.4% in the 4th 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 in the last quarter. Norges Bank acquired a new position in shares of Amentum in the 4th quarter valued at approximately $30,286,000. Wellington Management Group LLP boosted its stake in shares of Amentum by 149.5% during the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after buying an additional 1,398,143 shares during the last quarter. Finally, Primecap Management Co. CA grew its position 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 buying an additional 1,143,097 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AMTM. BTIG Research started coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Truist Financial cut their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley initiated coverage on Amentum in a report on Wednesday. They issued an "underweight" rating and a $19.00 price target for the company. Finally, Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Amentum presently has a consensus rating of "Hold" and a consensus price target of $24.71.

Amentum Stock Up 0.2 %

Amentum stock traded up $0.05 during trading hours on Friday, hitting $18.75. 1,572,004 shares of the company traded hands, compared to its average volume of 2,874,487. The firm's 50-day moving average price is $18.77. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. On average, analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now directly owns 4,600 shares of the company's stock, valued at approximately $97,658. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price 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 of the company's stock, valued at $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 owned by corporate 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.