Hahn Capital Management LLC Has $1.63 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Hahn Capital Management LLC grew its position in Amentum Holdings, Inc. (NYSE:AMTM) by 47.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,322 shares of the company’s stock after purchasing an additional 25,036 shares during the quarter. Amentum comprises approximately 0.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Hahn Capital Management LLC’s holdings in Amentum were worth $1,626,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Arrow Financial Corp bought a new stake in shares of Amentum in the third quarter valued at approximately $26,000. US Bancorp DE bought a new stake in Amentum during the third quarter worth $30,000. Anchor Investment Management LLC bought a new stake in Amentum during the third quarter worth $32,000. Signaturefd LLC bought a new stake in Amentum during the third quarter worth $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in Amentum during the third quarter worth $35,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

NYSE AMTM opened at $19.27 on Friday. Amentum Holdings, Inc. has a twelve month low of $18.38 and a twelve month high of $34.50. The firm has a fifty day moving average of $21.26. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Activity at Amentum

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the acquisition, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMTM shares. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th.

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.