1,228,298 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,228,298 shares of the company’s stock, valued at approximately $39,613,000.

Other large investors have also modified their holdings of the company. Wharton Business Group LLC bought a new position in Amentum in the third quarter worth approximately $2,106,000. Peak Asset Management LLC purchased a new position in shares of Amentum in the 3rd quarter valued at $774,000. Tower Bridge Advisors bought a new position in shares of Amentum in the 3rd quarter worth $4,053,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Amentum during the 3rd quarter worth $1,062,000. Finally, Janney Montgomery Scott LLC bought a new stake in Amentum during the third quarter valued at about $2,178,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMTM shares. Raymond James started coverage on shares of Amentum in a report on Thursday. They issued an “outperform” rating and a $30.00 target price for the company. Truist Financial initiated coverage on shares of Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 target price for the company.

Amentum Trading Down 1.3 %

Shares of NYSE:AMTM opened at $24.43 on Monday. Amentum Holdings, Inc. has a 1 year low of $21.24 and a 1 year high of $34.50.

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.