Stephens Inc. AR Acquires Shares of 40,926 Amentum Holdings, Inc. (NYSE:AMTM)

Stephens Inc. AR bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,926 shares of the company's stock, valued at approximately $1,320,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Amentum during the 3rd quarter worth approximately $78,399,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Amentum during the third quarter worth about $3,905,000. New York State Teachers Retirement System purchased a new stake in Amentum during the 3rd quarter worth approximately $3,745,000. Eastern Bank acquired a new stake in Amentum during the 3rd quarter worth approximately $3,325,000. Finally, Everett Harris & Co. CA purchased a new position in Amentum in the 3rd quarter valued at approximately $3,283,000.

Amentum Stock Performance

Amentum stock traded up $0.37 during midday trading on Tuesday, reaching $30.00. The company's stock had a trading volume of 710,368 shares, compared to its average volume of 3,052,796. Amentum Holdings, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $34.50.

Analysts Set New Price Targets

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

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.