Janney Montgomery Scott LLC Invests $615,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Janney Montgomery Scott LLC purchased a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,767 shares of the company's stock, valued at approximately $615,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMTM. CIBC Private Wealth Group LLC lifted its position in Amentum by 9.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after buying an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after purchasing an additional 730 shares during the period. IFP Advisors Inc increased its stake in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after purchasing an additional 833 shares during the period. State of Wyoming increased its stake in Amentum by 43.3% during the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after purchasing an additional 833 shares during the period. Finally, Investment Management Corp of Ontario increased its stake in Amentum by 4.3% during the fourth quarter. Investment Management Corp of Ontario now owns 28,214 shares of the company's stock worth $593,000 after purchasing an additional 1,158 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

Amentum stock traded up $0.03 during trading hours on Friday, reaching $24.33. 814,090 shares of the stock were exchanged, compared to its average volume of 2,709,098. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47. The firm's 50 day moving average is $21.99 and its 200 day moving average is $20.68.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Amentum in a research note on Tuesday, June 10th. They set a "neutral" rating and a $24.00 target price on the stock. Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target for the company. Citizens Jmp started coverage on shares of Amentum in a research note on Monday, May 12th. They set an "outperform" rating and a $30.00 price target for the company. Finally, Truist Financial decreased their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.22.

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.