Wellington Management Group LLP Has $49.07 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Wellington Management Group LLP lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 149.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,333,221 shares of the company's stock after buying an additional 1,398,143 shares during the period. Wellington Management Group LLP owned approximately 0.96% of Amentum worth $49,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AMTM. Anchor Investment Management LLC purchased a new stake in shares of Amentum during the 3rd quarter worth $32,000. Glen Eagle Advisors LLC acquired a new position in shares of Amentum during the third quarter worth about $35,000. IFP Advisors Inc increased its stake in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after acquiring an additional 833 shares during the period. Asset Planning Inc acquired a new position in Amentum during the fourth quarter worth about $36,000. Finally, Horizon Investments LLC acquired a new position in Amentum during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

NYSE:AMTM traded down $0.70 during mid-day trading on Thursday, reaching $17.31. 194,392 shares of the stock were exchanged, compared to its average volume of 2,893,037. The business's fifty day moving average price is $19.22. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMTM shares. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, 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 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.20.

Insider Activity

In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade 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 owned by corporate insiders.

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.