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

Swiss National Bank lowered its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent filing 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 about 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 the company. Farther Finance Advisors LLC purchased a new position in shares of Amentum in the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC raised its position in Amentum by 22.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after buying an additional 730 shares during the last quarter. NBT Bank N A NY purchased a new position in Amentum during the 4th quarter worth approximately $63,000. Amundi purchased a new stake in shares of Amentum in the 4th quarter valued at $277,000. Finally, Arizona State Retirement System increased its stake in shares of Amentum by 8.3% in the fourth quarter. Arizona State Retirement System now owns 38,835 shares of the company's stock worth $817,000 after acquiring an additional 2,961 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Trading Up 0.1 %

Shares of AMTM stock traded up $0.01 during mid-day trading on Tuesday, hitting $18.68. 799,210 shares of the stock were exchanged, compared to its average volume of 2,443,281. 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 52-week low of $16.95 and a 52-week high of $34.50. The stock's fifty day moving average price is $20.36.

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Amentum (NYSE:AMTM - Get Free Report) last issued 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. As a group, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Activity at Amentum

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMTM. The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price for the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.20.

Amentum 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.