ABS Direct Equity Fund LLC Buys Shares of 32,500 Amentum Holdings, Inc. (NYSE:AMTM)

ABS Direct Equity Fund LLC bought a new stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,500 shares of the company's stock, valued at approximately $592,000.

Other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its stake in Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after acquiring an additional 14,652,319 shares during the period. Invesco Ltd. boosted its holdings in Amentum by 77.6% during 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 boosted its holdings in Amentum by 396.3% during 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 purchasing an additional 3,319,364 shares in the last quarter. Vanguard Group Inc. grew its stake 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 valued at $347,888,000 after purchasing an additional 2,529,173 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Amentum by 469.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock worth $40,981,000 after buying an additional 1,606,442 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on AMTM shares. BTIG Research began coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Citizens Jmp began coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amentum presently has an average rating of "Hold" and an average price target of $25.22.

Amentum Stock Down 1.3%

Shares of Amentum stock traded down $0.30 during trading on Friday, reaching $22.66. The company's stock had a trading volume of 1,854,317 shares, compared to its average volume of 2,768,423. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The stock has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $20.72.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. Analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.