Canada Pension Plan Investment Board Decreases Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Canada Pension Plan Investment Board decreased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 91.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,854 shares of the company's stock after selling 171,178 shares during the quarter. Canada Pension Plan Investment Board's holdings in Amentum were worth $354,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in shares of Amentum by 77.6% in 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 grew its stake in shares of Amentum by 396.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after buying an additional 3,319,364 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after buying an additional 2,529,173 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Amentum by 469.4% during 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 bought a new position in shares of Amentum in the 4th quarter valued at about $30,286,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amentum

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou acquired 100,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by corporate insiders.

Amentum Stock Up 1.0 %

AMTM stock traded up $0.22 during trading on Thursday, hitting $22.04. The company had a trading volume of 215,715 shares, compared to its average volume of 2,815,546. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The company has a 50 day simple moving average of $18.83 and a 200-day simple moving average of $22.23. 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 (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. As a group, research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.