Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 97.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the company's stock after selling 429,500 shares during the quarter. Renaissance Technologies LLC's holdings in Amentum were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMTM. Vanguard Group Inc. lifted its position in Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after acquiring an additional 2,529,173 shares in the last quarter. Invesco Ltd. raised its stake in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after purchasing an additional 6,055,638 shares during the period. Primecap Management Co. CA lifted its position in shares of Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after purchasing an additional 1,143,097 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after purchasing an additional 1,398,143 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Amentum by 469.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after purchasing an additional 1,606,442 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Trading Down 0.9 %

Shares of NYSE AMTM traded down $0.19 during midday trading on Friday, hitting $21.12. The company's stock had a trading volume of 1,760,610 shares, compared to its average volume of 2,796,011. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. The firm's fifty day moving average price is $19.14 and its 200-day moving average price is $21.92.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

AMTM has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Truist Financial cut their price target on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. BTIG Research started coverage on Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $24.71.

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Loughran acquired 4,600 shares of Amentum stock in a transaction dated 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 transaction, the director now owns 4,600 shares of the company's stock, 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.

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.