Invesco Ltd. lifted its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,856,239 shares of the company's stock after purchasing an additional 6,055,638 shares during the period. Invesco Ltd. owned 5.70% of Amentum worth $291,397,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. State Street Corp purchased a new position in shares of Amentum during the 3rd quarter worth approximately $236,306,000. Geode Capital Management LLC bought a new stake in shares of Amentum during the 3rd quarter valued at $101,022,000. Vanguard Group Inc. grew its position in shares of Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after buying an additional 2,529,173 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in Amentum by 469.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after acquiring an additional 1,606,442 shares during the period. Finally, Norges Bank purchased a new stake in Amentum in the fourth quarter worth about $30,286,000. Institutional investors own 39.93% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on AMTM. Morgan Stanley started coverage on Amentum in a research report on Wednesday. They issued an "underweight" rating and a $19.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective on the stock. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Finally, Truist Financial decreased their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.71.
Check Out Our Latest Report on AMTM
Insiders Place Their Bets
In related news, Director Barbara Loughran acquired 4,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now directly owns 4,600 shares of the company's stock, valued at $97,658. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.
Amentum Stock Performance
Shares of AMTM stock traded down $0.10 on Wednesday, reaching $18.67. The stock had a trading volume of 519,209 shares, compared to its average volume of 2,514,563. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50. The stock's 50 day simple moving average is $18.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.
Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.
Amentum Company Profile
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Free Report)
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.
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