Amentum Holdings, Inc. (NYSE:AMTM) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position 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 13F filing with the SEC. The firm owned 760,509 shares of the company's stock after buying an additional 109,195 shares during the quarter. Bank of New York Mellon Corp owned about 0.31% of Amentum worth $13,841,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC raised its position in shares of Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after buying an additional 675 shares during the period. State of Wyoming raised its position in Amentum by 43.3% in the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after purchasing an additional 833 shares during the period. KBC Group NV raised its position in Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after purchasing an additional 918 shares during the period. North Growth Management Ltd. raised its position in Amentum by 1.1% in the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock valued at $1,669,000 after purchasing an additional 1,000 shares during the period. Finally, Investment Management Corp of Ontario raised 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 valued at $593,000 after purchasing an additional 1,158 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMTM. Citizens Jmp began coverage on Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. Truist Financial cut their target price on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Bank of America initiated coverage on Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 target price on the stock. Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. Finally, BTIG Research initiated coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.22.

Amentum Price Performance

NYSE:AMTM traded up $0.18 during trading hours on Tuesday, hitting $24.92. The company's stock had a trading volume of 448,014 shares, compared to its average volume of 2,640,686. The stock has a fifty day moving average of $22.52 and a 200-day moving average of $20.96. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

About Amentum

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.