Pictet Asset Management Holding SA decreased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,758 shares of the company's stock after selling 29,908 shares during the quarter. Pictet Asset Management Holding SA's holdings in Amentum were worth $416,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after buying an additional 2,529,173 shares in the last quarter. State Street Corp acquired a new stake in Amentum during the third quarter worth approximately $236,306,000. Primecap Management Co. CA lifted its position in shares of Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after buying an additional 1,143,097 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $101,022,000. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Amentum by 469.4% in the 4th 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 last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on AMTM. Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target on the stock. Finally, BTIG Research initiated coverage on Amentum in a research report on Tuesday. They set a "buy" rating and a $30.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Amentum currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.67.
View Our Latest Stock Analysis on Amentum
Insider Buying and Selling at Amentum
In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the completion of 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 SEC, which is available through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.
Amentum Price Performance
AMTM traded up $0.26 during trading on Tuesday, reaching $18.76. The company's stock had a trading volume of 216,313 shares, compared to its average volume of 2,509,001. The firm has a fifty day moving average of $19.03. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.
About Amentum
(
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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