FIL Ltd Purchases 1,058,441 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

FIL Ltd raised its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 144.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,793,553 shares of the company’s stock after buying an additional 1,058,441 shares during the quarter. FIL Ltd owned about 0.74% of Amentum worth $37,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its position in Amentum by 9.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company’s stock valued at $164,000 after acquiring an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock worth $84,000 after purchasing an additional 730 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Amentum in the 3rd quarter worth $32,000. Finally, GAMMA Investing LLC grew its stake in Amentum by 333.1% during the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock worth $37,000 after buying an additional 1,349 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

Shares of NYSE:AMTM opened at $17.36 on Friday. 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 Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The business has a 50-day moving average price of $19.16.

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

Insider Activity at Amentum

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMTM shares. The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Amentum has an average rating of “Hold” and a consensus target price of $26.20.

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.