Deutsche Bank AG cut its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 98.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,268 shares of the company's stock after selling 919,313 shares during the quarter. Deutsche Bank AG's holdings in Amentum were worth $300,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its holdings in shares of Amentum by 382.6% during the fourth quarter. New York State Common Retirement Fund now owns 378,952 shares of the company's stock valued at $7,969,000 after acquiring an additional 300,431 shares during the period. Yousif Capital Management LLC increased its stake in shares of Amentum by 236.8% in the fourth quarter. Yousif Capital Management LLC now owns 48,770 shares of the company's stock valued at $1,026,000 after buying an additional 34,291 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Amentum by 66.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company's stock valued at $26,587,000 after buying an additional 503,741 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Amentum in the fourth quarter valued at $23,812,000. Finally, IFP Advisors Inc increased its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after buying an additional 833 shares in the last quarter. 39.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AMTM has been the subject of a number of research reports. Truist Financial lowered their target price on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BTIG Research initiated coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Citizens Jmp initiated coverage on Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. The Goldman Sachs Group initiated coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price for the company. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.38.
Read Our Latest Research Report on Amentum
Amentum Trading Down 6.2%
AMTM stock traded down $1.28 during midday trading on Monday, reaching $19.39. The stock had a trading volume of 4,412,737 shares, compared to its average volume of 2,755,750. The business has a fifty day simple moving average of $19.91 and a two-hundred day simple moving average of $20.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 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 the consensus estimate of $3.44 billion. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.
About Amentum
(
Free Report)
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.
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