Aristotle Capital Boston LLC Boosts Position in Amentum Holdings, Inc. (NYSE:AMTM)

Aristotle Capital Boston LLC lifted its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 944.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 476,977 shares of the company's stock after acquiring an additional 431,299 shares during the period. Aristotle Capital Boston LLC owned 0.20% of Amentum worth $10,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in Amentum by 9.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after buying an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Amentum by 22.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after purchasing an additional 730 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Amentum during the third quarter worth about $32,000. Finally, GAMMA Investing LLC grew its position in Amentum by 333.1% in the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock worth $37,000 after purchasing an additional 1,349 shares in the last quarter. 39.93% of the stock is owned by institutional investors.

Amentum Trading Down 4.4 %

Shares of NYSE:AMTM traded down $0.98 on Wednesday, hitting $21.13. The company's stock had a trading volume of 3,275,671 shares, compared to its average volume of 2,809,179. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year 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 has a 50-day simple moving average of $19.00 and a 200 day simple moving average of $22.03.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. As a group, research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMTM has been the subject of a number of research analyst reports. Truist Financial decreased their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group assumed coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 target price on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley started coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amentum presently has a consensus rating of "Hold" and an average target price of $24.71.

Insider Activity at Amentum

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

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.