Amentum Holdings, Inc. $AMTM Shares Purchased by Van ECK Associates Corp

Key Points

• Van ECK Associates increased its Amentum stake by 263.2% in the second quarter, acquiring 1.44 million additional shares for a total holding of nearly 1.99 million shares valued at approximately $41.1 million.
• Other major investors, including BlackRock and Primecap Management, also established or expanded positions; institutional investors collectively own about 39.9% of Amentum.
• Amentum beat quarterly earnings expectations with $0.67 in EPS versus the $0.61 consensus, but revenue declined 2% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $29.18, compared with the stock’s recent price of $20.33.

Van ECK Associates Corp boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 263.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,988,898 shares of the company's stock after buying an additional 1,441,254 shares during the period. Van ECK Associates Corp owned approximately 0.81% of Amentum worth $41,111,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Amentum during the second quarter worth about $370,137,000. Primecap Management Co. CA purchased a new stake in shares of Amentum in the 2nd quarter valued at approximately $253,941,000. Focus Partners Wealth lifted its holdings in shares of Amentum by 8,467.6% in the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company's stock worth $81,038,000 after acquiring an additional 2,761,801 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Amentum by 13.0% in the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company's stock worth $529,698,000 after acquiring an additional 2,539,594 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amentum during the 4th quarter worth approximately $66,529,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Performance

Shares of AMTM opened at $20.33 on Friday. Amentum Holdings, Inc. has a 1 year low of $19.80 and a 1 year high of $38.11. The stock has a market capitalization of $4.97 billion, a PE ratio of 24.49, a PEG ratio of 0.59 and a beta of 0.30. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a 50-day simple moving average of $21.49 and a 200-day simple moving average of $24.69.

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

Analysts Set New Price Targets

Several research firms recently issued reports on AMTM. Zacks Research lowered Amentum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded shares of Amentum from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. BNP Paribas Exane initiated coverage on shares of Amentum in a research report on Tuesday, May 26th. They set an "underperform" rating and a $22.00 price target on the stock. Truist Financial reissued a "buy" rating and issued a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Amentum from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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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