Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 10,851.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,787,345 shares of the company's stock after acquiring an additional 14,652,319 shares during the quarter. Kovitz Investment Group Partners LLC owned 6.08% of Amentum worth $310,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after acquiring an additional 6,055,638 shares during the last quarter. Cooper Creek Partners Management LLC raised its holdings in Amentum by 396.3% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after purchasing an additional 3,319,364 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after buying an additional 2,529,173 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Amentum by 469.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after buying an additional 1,606,442 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Amentum in the 4th quarter worth approximately $30,286,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMTM. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. BTIG Research initiated coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Truist Financial lowered their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.71.

Amentum Stock Performance

Shares of NYSE:AMTM traded down $0.50 during midday trading on Wednesday, hitting $21.69. The company had a trading volume of 410,500 shares, compared to its average volume of 2,823,988. 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 50-day simple moving average is $18.80 and its 200-day simple moving average is $22.23. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 620,893 shares of the company's stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the firm'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 completion of the acquisition, the director now owns 4,600 shares in the company, valued at approximately $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

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.