UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.76 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,734 shares of the company's stock after selling 400,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Amentum worth $5,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. CIBC Private Wealth Group LLC increased its holdings in Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after purchasing an additional 675 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock valued at $84,000 after purchasing an additional 730 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares in the last quarter. State of Wyoming grew its holdings in Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after buying an additional 833 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its position in Amentum by 4.3% in the fourth quarter. Investment Management Corp of Ontario now owns 28,214 shares of the company's stock worth $593,000 after acquiring an additional 1,158 shares during the period. Institutional investors own 39.93% of the company's stock.

Amentum Trading Up 2.2%

Shares of NYSE AMTM traded up $0.47 during midday trading on Thursday, reaching $21.75. 1,299,151 shares of the company traded hands, compared to its average volume of 2,762,421. The stock has a 50-day moving average price of $20.05 and a 200 day moving average price of $20.79. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. 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 (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. As a group, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMTM shares. BTIG Research initiated coverage on Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price for the company. Citizens Jmp initiated 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. Royal Bank of Canada set a $24.00 price objective on Amentum and gave the company a "sector perform" rating in a research report on Wednesday, May 21st. Truist Financial lowered their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley initiated coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.38.

Amentum Company 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.