State Street Corp bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,327,308 shares of the company's stock, valued at approximately $236,306,000. State Street Corp owned 2.94% of Amentum at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA bought a new stake in shares of Amentum during the 3rd quarter valued at $169,999,000. Ruane Cunniff & Goldfarb L.P. bought a new position in Amentum in the 3rd quarter valued at about $81,608,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Amentum in the 3rd quarter valued at approximately $78,399,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $39,613,000. Finally, Simcoe Capital Management LLC bought a new position in Amentum in the third quarter valued at approximately $37,188,000. Institutional investors own 39.93% of the company's stock.
Amentum Stock Performance
Shares of NYSE:AMTM traded down $0.24 during trading on Thursday, hitting $23.61. 1,700,663 shares of the company were exchanged, compared to its average volume of 2,480,268. Amentum Holdings, Inc. has a 1-year low of $21.24 and a 1-year high of $34.50. The stock has a 50 day simple moving average of $27.16.
Analysts Set New Price Targets
AMTM has been the subject of several recent analyst reports. Raymond James assumed coverage on Amentum in a report on Thursday, November 21st. They issued an "outperform" rating and a $30.00 target price on the stock. Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They issued a "buy" rating and a $31.00 price objective on the stock.
Get Our Latest Stock Report on AMTM
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.
Featured Stories
Before you consider Amentum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amentum wasn't on the list.
While Amentum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
