LPL Financial LLC boosted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 14.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,782 shares of the company's stock after buying an additional 14,637 shares during the quarter. LPL Financial LLC's holdings in Amentum were worth $2,498,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in Amentum in the 3rd quarter worth $32,000. IFP Advisors Inc lifted its holdings in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares during the period. Asset Planning Inc purchased a new position in shares of Amentum during the 4th quarter worth approximately $36,000. Horizon Investments LLC bought a new position in shares of Amentum in the 4th quarter worth approximately $36,000. Finally, GAMMA Investing LLC boosted its position in shares of Amentum by 333.1% during the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after purchasing an additional 1,349 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.
Insiders Place Their Bets
In other Amentum news, Director Barbara Loughran purchased 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now directly owns 4,600 shares of the company's stock, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the acquisition, the insider now owns 620,893 shares of the company's stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by insiders.
Amentum Trading Down 0.3 %
Shares of Amentum stock traded down $0.05 during trading on Wednesday, hitting $18.71. 2,241,782 shares of the company's stock traded hands, compared to its average volume of 2,883,994. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The stock has a 50-day simple moving average of $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 announced 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, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on AMTM shares. Truist Financial lowered their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. BTIG Research assumed coverage on Amentum in a research note on Tuesday. They issued a "buy" rating and a $30.00 price target on the stock. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. Finally, Morgan Stanley initiated coverage on Amentum in a report on Wednesday. They set an "underweight" rating and a $19.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Amentum has an average rating of "Hold" and a consensus price target of $24.71.
View Our Latest Stock Report on AMTM
Amentum Company Profile
(
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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