Jones Financial Companies Lllp Acquires Shares of 37,009 Amentum Holdings, Inc. (NYSE:AMTM)

Jones Financial Companies Lllp bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,009 shares of the company's stock, valued at approximately $778,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Amentum in the third quarter valued at $236,306,000. Primecap Management Co. CA acquired a new position in Amentum during the 3rd quarter worth approximately $169,999,000. Geode Capital Management LLC bought a new position in Amentum in the third quarter worth approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum in the third quarter valued at approximately $81,608,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Amentum during the third quarter valued at approximately $39,613,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Up 8.0 %

Amentum stock traded up $1.36 during trading on Wednesday, hitting $18.40. 8,922,832 shares of the company were exchanged, compared to its average volume of 2,762,679. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm has a 50 day simple moving average of $21.01. Amentum Holdings, Inc. has a 52 week low of $16.94 and a 52 week high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its 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, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

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Insider Transactions at Amentum

In related news, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the transaction, the director now owns 4,600 shares of the company's stock, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

Analyst Ratings Changes

AMTM has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Raymond James initiated coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th.

Amentum Company 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.