Bank of Jackson Hole Trust Invests $79,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Bank of Jackson Hole Trust acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,765 shares of the company’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Amentum during the third quarter worth $790,000. Wharton Business Group LLC bought a new position in Amentum in the 3rd quarter valued at $2,106,000. JPMorgan Chase & Co. bought a new position in Amentum in the 3rd quarter valued at $8,739,000. Peak Asset Management LLC bought a new position in Amentum in the 3rd quarter valued at $774,000. Finally, Foundations Investment Advisors LLC bought a new position in Amentum in the 4th quarter valued at $409,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective for the company. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th.

Amentum Stock Down 2.2 %

Shares of NYSE AMTM opened at $21.26 on Thursday. Amentum Holdings, Inc. has a one year low of $18.38 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company’s fifty day moving average price is $21.49.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven J. Demetriou acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the acquisition, the insider now 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 18.67% of the stock is currently owned by insiders.

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.