Prudential Financial Inc. Purchases 43,829 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Prudential Financial Inc. raised its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 55.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,574 shares of the company's stock after acquiring an additional 43,829 shares during the period. Prudential Financial Inc. owned approximately 0.05% of Amentum worth $2,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cannon Global Investment Management LLC purchased a new position in Amentum in the fourth quarter worth $284,000. Vanguard Group Inc. lifted its stake in Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Amentum by 14.1% in the 4th quarter. LPL Financial LLC now owns 118,782 shares of the company's stock worth $2,498,000 after purchasing an additional 14,637 shares in the last quarter. Sei Investments Co. increased its position in shares of Amentum by 17.9% during the 4th quarter. Sei Investments Co. now owns 287,313 shares of the company's stock valued at $6,042,000 after purchasing an additional 43,597 shares during the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of Amentum during the 4th quarter valued at about $95,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Insider Transactions at Amentum

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

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Amentum Stock Performance

AMTM stock traded down $0.63 during midday trading on Tuesday, hitting $16.33. The company had a trading volume of 2,336,520 shares, compared to its average volume of 2,907,408. Amentum Holdings, Inc. has a 52 week low of $16.14 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a 50 day moving average price of $19.32.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

AMTM has been the subject of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.20.

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.