878,084 Shares in Amentum Holdings, Inc. $AMTM Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 878,084 Amentum shares worth approximately $18.15 million in the second quarter, giving it a 0.36% stake. Institutional investors and hedge funds collectively own 39.93% of AMTM.
• Amentum shares recently traded at $20.02, down 1.4%, near the stock’s 12-month low of $19.80 and well below its $38.11 high.
• The company beat quarterly EPS estimates with $0.67 versus $0.61 expected, although revenue of $3.49 billion missed forecasts and declined 2% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $29.18.

Bank of New York Mellon Corp purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 878,084 shares of the company's stock, valued at approximately $18,150,000. Bank of New York Mellon Corp owned approximately 0.36% of Amentum as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in AMTM. Maryland State Retirement & Pension System raised its stake in Amentum by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company's stock valued at $867,000 after purchasing an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Amentum by 35.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company's stock worth $54,000 after purchasing an additional 481 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Amentum by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company's stock worth $1,018,000 after buying an additional 600 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Amentum by 4.6% during the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company's stock worth $425,000 after buying an additional 638 shares in the last quarter. Finally, HM Payson & Co. raised its position in shares of Amentum by 58.3% in the fourth quarter. HM Payson & Co. now owns 1,941 shares of the company's stock valued at $56,000 after buying an additional 715 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 1.4%

Shares of AMTM opened at $20.02 on Tuesday. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11. The firm has a market capitalization of $4.90 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.30. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock's fifty day simple moving average is $21.47 and its 200 day simple moving average is $24.52.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AMTM shares. Wall Street Zen upgraded shares of Amentum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. BTIG Research reduced their price target on Amentum from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Bank of America decreased their price objective on Amentum from $35.00 to $30.00 and set a "neutral" rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada lowered their price objective on Amentum from $28.00 to $26.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane started coverage on Amentum in a research note on Tuesday, May 26th. They issued an "underperform" rating and a $22.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.18.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.

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