Amentum (NYSE:AMTM) Upgraded by Cantor Fitzgerald to “Hold” Rating

Cantor Fitzgerald upgraded shares of Amentum (NYSE:AMTM) to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective 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.

Amentum Stock Up 1.8 %

Shares of Amentum stock opened at $20.17 on Tuesday. Amentum has a twelve month low of $18.38 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The business’s fifty day simple moving average is $21.27.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Equities research analysts expect that Amentum will post 2.1 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Amentum

Several institutional investors and hedge funds have recently bought and sold shares of AMTM. Kovitz Investment Group Partners LLC raised its stake in Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after acquiring an additional 14,652,319 shares during the period. State Street Corp acquired a new stake in Amentum during the third quarter worth about $236,306,000. Invesco Ltd. raised its stake in Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after acquiring an additional 6,055,638 shares during the period. Primecap Management Co. CA acquired a new stake in Amentum during the third quarter worth about $169,999,000. Finally, Cooper Creek Partners Management LLC raised its stake in Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock worth $87,422,000 after acquiring an additional 3,319,364 shares during the period. Institutional investors and hedge funds own 39.93% 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.