Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,200 shares of the company's stock after selling 49,600 shares during the quarter. Swiss National Bank owned approximately 0.11% of Amentum worth $5,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMTM. PNC Financial Services Group Inc. purchased a new stake in shares of Amentum in the third quarter valued at approximately $1,397,000. Commerce Bank acquired a new stake in Amentum in the 3rd quarter valued at $214,000. Advisors Asset Management Inc. purchased a new stake in Amentum in the 3rd quarter worth $2,556,000. Intech Investment Management LLC purchased a new stake in Amentum in the 3rd quarter worth $1,008,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Amentum during the third quarter worth $39,613,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMTM shares. The Goldman Sachs Group assumed coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Finally, Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Amentum has an average rating of "Hold" and a consensus target price of $26.20.

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Amentum Price Performance

Shares of NYSE AMTM traded down $0.08 during mid-day trading on Thursday, reaching $18.38. The company's stock had a trading volume of 1,531,461 shares, compared to its average volume of 2,425,198. The business has a 50-day simple moving average of $20.17. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1-year low of $16.95 and a 1-year high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. On average, equities analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Steven J. Demetriou acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares of the company's stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara Loughran acquired 4,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now owns 4,600 shares of the company's stock, valued at $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

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.