Natixis Advisors LLC Has $487,000 Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Natixis Advisors LLC trimmed its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 88.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,172 shares of the company's stock after selling 177,493 shares during the quarter. Natixis Advisors LLC's holdings in Amentum were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. State Street Corp bought a new stake in Amentum during the third quarter worth approximately $236,306,000. Geode Capital Management LLC acquired a new position in shares of Amentum during the 3rd quarter valued at $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of Amentum in the 3rd quarter worth $81,608,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Amentum by 469.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after buying an additional 1,606,442 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amentum by 66.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock worth $26,587,000 after acquiring an additional 503,741 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Price Performance

AMTM stock traded up $0.11 during mid-day trading on Monday, reaching $18.18. 2,370,463 shares of the stock traded hands, compared to its average volume of 2,892,446. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47. The stock has a fifty day moving average of $19.88. 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 issued 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, analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMTM shares. The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. Cantor Fitzgerald raised 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 report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.20.

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.