Bank of New York Mellon Corp raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 760,509 shares of the company's stock after purchasing an additional 109,195 shares during the period. Bank of New York Mellon Corp owned 0.31% of Amentum worth $13,841,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank acquired a new stake in shares of Amentum in the fourth quarter valued at about $30,000. National Bank of Canada FI raised its position in shares of Amentum by 31,328.6% in the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock valued at $46,000 after buying an additional 2,193 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after buying an additional 1,900 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Amentum in the fourth quarter valued at about $52,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Amentum by 382.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock worth $58,000 after purchasing an additional 2,178 shares during the period. 39.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on AMTM. BTIG Research initiated coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target for the company. Truist Financial reduced their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada set a $24.00 price objective on shares of Amentum and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st. Bank of America started coverage on shares of Amentum in a research report on Tuesday, June 10th. They set a "neutral" rating and a $24.00 price objective for the company. Finally, Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $25.22.
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Amentum Stock Up 2.0%
NYSE:AMTM traded up $0.50 on Wednesday, reaching $25.41. The stock had a trading volume of 1,112,797 shares, compared to its average volume of 2,638,305. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56. The firm's fifty day moving average is $22.66 and its two-hundred day moving average is $21.00. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.
Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. On average, analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.
Amentum Profile
(
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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