Amentum Holdings, Inc. (NYSE:AMTM) Stock Holdings Raised by CSM Advisors LLC

CSM Advisors LLC increased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 646.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 639,057 shares of the company's stock after purchasing an additional 553,435 shares during the period. CSM Advisors LLC owned 0.26% of Amentum worth $13,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. boosted its position in shares of Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after purchasing an additional 6,055,638 shares in the last quarter. Cooper Creek Partners Management LLC increased its holdings 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake 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 worth $40,981,000 after acquiring an additional 1,606,442 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amentum in the 4th quarter worth approximately $30,286,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Price Performance

Shares of AMTM traded down $0.48 during mid-day trading on Monday, reaching $21.45. The company had a trading volume of 441,893 shares, compared to its average volume of 2,844,251. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The firm has a fifty day simple moving average of $18.76 and a 200-day simple moving average of $22.24. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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

Insider Activity at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired 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 $97,658. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou purchased 100,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the acquisition, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents 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 insiders.

Wall Street Analysts Forecast Growth

AMTM has been the topic of several research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald raised Amentum to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley began coverage on shares of Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. BTIG Research assumed coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Amentum has a consensus rating of "Hold" and a consensus target price 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.