48,787 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Purchased by Comerica Bank

Comerica Bank purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 48,787 shares of the company's stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in Amentum by 467.1% during the 4th quarter. Northern Trust Corp now owns 842,219 shares of the company's stock worth $17,712,000 after buying an additional 693,706 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in shares of Amentum in the 4th quarter valued at about $269,000. Arosa Capital Management LP acquired a new position in shares of Amentum in the 4th quarter valued at about $7,360,000. Boothbay Fund Management LLC acquired a new position in shares of Amentum in the 4th quarter valued at about $237,000. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of Amentum by 10,851.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after purchasing an additional 14,652,319 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amentum

In other Amentum news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought 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 $97,658. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 18.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMTM. Morgan Stanley began coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. The Goldman Sachs Group started coverage on Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective on the stock. Finally, BTIG Research started coverage on Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price objective 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 company. According to data from MarketBeat, Amentum presently has an average rating of "Hold" and a consensus target price of $25.38.

Amentum Stock Performance

NYSE AMTM traded up $0.26 during midday trading on Friday, hitting $21.86. The company had a trading volume of 2,524,275 shares, compared to its average volume of 2,778,461. 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 firm has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $21.50. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly 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 analyst estimates of $3.44 billion. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

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.