Advisors Asset Management Inc. Sells 14,647 Shares of Amentum Holdings, Inc. $AMTM

Advisors Asset Management Inc. trimmed its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 20.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,602 shares of the company's stock after selling 14,647 shares during the period. Advisors Asset Management Inc.'s holdings in Amentum were worth $1,030,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMTM. American Securities LLC bought a new position in Amentum in the 1st quarter worth about $798,869,000. Primecap Management Co. CA grew its stake in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after acquiring an additional 3,647,210 shares in the last quarter. Invesco Ltd. grew its stake in Amentum by 24.1% in the 1st quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock worth $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Voss Capital LP grew its stake in Amentum by 393.7% in the 1st quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock worth $40,417,000 after acquiring an additional 1,770,891 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Amentum by 149.5% in the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after acquiring an additional 1,398,143 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

Shares of AMTM stock opened at $24.11 on Tuesday. The firm has a market cap of $5.87 billion and a price-to-earnings ratio of 61.83. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The company's 50 day moving average is $24.80 and its 200 day moving average is $21.81.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. Amentum's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on AMTM shares. Royal Bank Of Canada upped their target price on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Truist Financial upped their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group upped their target price on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. JMP Securities restated a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Finally, Citizens Jmp began coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amentum currently has a consensus rating of "Hold" and a consensus price target of $27.30.

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.

Want to see what other hedge funds are holding AMTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amentum Holdings, Inc. (NYSE:AMTM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.