Arosa Capital Management LP Buys New Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Arosa Capital Management LP bought a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 350,000 shares of the company's stock, valued at approximately $7,360,000. Amentum makes up about 3.0% of Arosa Capital Management LP's portfolio, making the stock its 9th biggest position. Arosa Capital Management LP owned 0.14% of Amentum as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Boothbay Fund Management LLC bought a new stake in Amentum in the 4th quarter valued at about $237,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after buying an additional 14,652,319 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of Amentum during the fourth quarter worth approximately $8,499,000. Penn Capital Management Company LLC bought a new position in Amentum in the 4th quarter worth approximately $9,386,000. Finally, CSM Advisors LLC increased its position in Amentum by 646.4% in the 4th quarter. CSM Advisors LLC now owns 639,057 shares of the company's stock valued at $13,438,000 after acquiring an additional 553,435 shares during the period. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

Shares of AMTM traded up $0.33 during midday trading on Friday, hitting $22.02. The stock had a trading volume of 492,469 shares, compared to its average volume of 2,812,364. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The business has a 50-day simple moving average of $18.87 and a two-hundred day simple moving average of $22.23. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amentum

In other news, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased 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 of the company's stock, valued at approximately $97,658. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the transaction, the insider now directly owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. BTIG Research assumed coverage on Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $24.71.

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.