Hahn Capital Management LLC Boosts Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Hahn Capital Management LLC raised its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 47.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,322 shares of the company's stock after buying an additional 25,036 shares during the period. Amentum makes up approximately 0.7% of Hahn Capital Management LLC's portfolio, making the stock its 27th largest position. Hahn Capital Management LLC's holdings in Amentum were worth $1,626,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Amentum in the third quarter valued at $790,000. Wharton Business Group LLC purchased a new position in shares of Amentum in the 3rd quarter valued at about $2,106,000. JPMorgan Chase & Co. purchased a new position in shares of Amentum in the 3rd quarter valued at about $8,739,000. Peak Asset Management LLC acquired a new position in shares of Amentum during the third quarter worth about $774,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Amentum during the fourth quarter worth approximately $409,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Down 5.8 %

Shares of NYSE:AMTM traded down $1.14 during trading on Monday, hitting $18.50. 1,984,337 shares of the company were exchanged, compared to its average volume of 2,195,847. The company has a 50 day moving average of $21.28. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou acquired 100,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $20.81 per share, with a total value 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction dated 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 of the company's stock, valued at approximately $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James assumed coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price target for the company. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th.

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.