Janney Montgomery Scott LLC Purchases Shares of 67,549 Amentum Holdings, Inc. (NYSE:AMTM)

Janney Montgomery Scott LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,549 shares of the company's stock, valued at approximately $2,178,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. F M Investments LLC purchased a new position in Amentum in the third quarter worth $3,543,000. Stephens Inc. AR purchased a new position in shares of Amentum during the 3rd quarter valued at $1,320,000. Signaturefd LLC purchased a new position in shares of Amentum during the 3rd quarter valued at $33,000. State of Alaska Department of Revenue purchased a new position in shares of Amentum during the 3rd quarter valued at $701,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Amentum during the 3rd quarter valued at $1,154,000.

Amentum Trading Down 5.2 %

NYSE:AMTM traded down $1.62 during trading hours on Wednesday, reaching $29.62. 1,693,257 shares of the company traded hands, compared to its average volume of 2,766,954. Amentum Holdings, Inc. has a 1 year low of $23.58 and a 1 year high of $34.50.

Analysts Set New Price Targets

Separately, Truist Financial initiated coverage on Amentum in a research note on Monday, October 14th. They issued a "buy" rating and a $31.00 target price on the stock.

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.