Ancora Advisors LLC Takes $14.79 Million Position in Amentum Holdings, Inc. $AMTM

Key Points

• Ancora Advisors acquired 715,652 Amentum shares worth approximately $14.79 million, giving it a 0.29% stake. Institutional investors and hedge funds collectively own 39.93% of the company.
• Analyst sentiment remains cautious: Amentum has a consensus “Hold” rating and an average price target of $29.18, with several firms recently lowering their targets.
• Amentum reported quarterly EPS of $0.67, beating estimates of $0.61, while revenue of $3.49 billion fell short of expectations and declined 2% year over year. Shares opened at $20.31, near the company’s 12-month low.

Ancora Advisors LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 715,652 shares of the company's stock, valued at approximately $14,793,000. Ancora Advisors LLC owned approximately 0.29% of Amentum at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AMTM. IFM Investors Pty Ltd acquired a new stake in shares of Amentum during the 1st quarter valued at $411,000. Cetera Investment Advisers acquired a new position in shares of Amentum during the 2nd quarter worth $335,000. JPMorgan Chase & Co. lifted its stake in shares of Amentum by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company's stock valued at $2,156,000 after purchasing an additional 3,608 shares during the last quarter. M&T Bank Corp bought a new stake in Amentum in the second quarter worth $241,000. Finally, Gabelli Funds LLC acquired a new position in Amentum during the second quarter worth $592,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BNP Paribas Exane began coverage on Amentum in a report on Tuesday, May 26th. They issued an "underperform" rating and a $22.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Amentum from $31.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, August 17th. The Goldman Sachs Group set a $24.00 price objective on shares of Amentum in a research note on Thursday, August 20th. Truist Financial reaffirmed a "buy" rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Finally, Bank of America decreased their price objective on shares of Amentum from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and an average target price of $29.18.

Amentum Stock Up 1.2%

AMTM opened at $20.31 on Wednesday. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 0.58 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 firm's 50-day simple moving average is $21.55 and its 200-day simple moving average is $24.96. Amentum Holdings, Inc. has a twelve month low of $19.80 and a twelve month high of $38.11.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.38 EPS for the current fiscal year.

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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