Stifel Financial Corp Has $987,000 Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Stifel Financial Corp lessened its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 28.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,934 shares of the company's stock after selling 18,384 shares during the quarter. Stifel Financial Corp's holdings in Amentum were worth $987,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. 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 in the last quarter. Cooper Creek Partners Management LLC lifted its stake 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 valued at $87,422,000 after buying an additional 3,319,364 shares during the period. Vanguard Group Inc. raised 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 worth $347,888,000 after purchasing an additional 2,529,173 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of Amentum by 469.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock worth $40,981,000 after buying an additional 1,606,442 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amentum in the fourth quarter valued at approximately $30,286,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Up 3.4%

NYSE:AMTM traded up $0.72 on Thursday, hitting $21.70. 613,592 shares of the stock were exchanged, compared to its average volume of 2,766,380. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company's 50-day moving average price is $19.25 and its 200 day moving average price is $21.74.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion during 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 fiscal year.

Insider Activity

In other news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMTM. Truist Financial decreased their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday. They set an "outperform" rating and a $30.00 target price on the stock. BTIG Research initiated coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.38.

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.