Charles Schwab Investment Management Inc. Has $28.20 Million Stock Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• Charles Schwab Investment Management Inc. increased its position in Amentum Holdings by 22.5% during the first quarter, owning approximately 1.55 million shares valued at $28.2 million.
• In addition to Schwab, several large investors also boosted their holdings significantly, with Kovitz Investment Group Partners increasing its position by 10,851.5% in the fourth quarter.
• Amentum's stock performance shows a current price of $24.38, with analysts setting price targets ranging from $21.00 to $30.00, indicating a generally positive outlook.

Charles Schwab Investment Management Inc. raised its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 22.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,549,158 shares of the company's stock after buying an additional 284,901 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.64% of Amentum worth $28,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its holdings in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after buying an additional 14,652,319 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Amentum by 56.9% during the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after buying an additional 3,647,210 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Amentum by 149.5% during the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after buying an additional 1,398,143 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Amentum by 78.1% during the fourth quarter. Millennium Management LLC now owns 1,196,574 shares of the company's stock worth $25,164,000 after buying an additional 524,807 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amentum by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 869,596 shares of the company's stock worth $18,288,000 after buying an additional 37,571 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Price Performance

Shares of AMTM stock traded up $0.6450 on Friday, hitting $24.9150. 813,253 shares of the company's stock were exchanged, compared to its average volume of 1,579,045. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The stock has a market cap of $6.06 billion and a P/E ratio of 63.89. The company has a 50 day moving average of $24.33 and a 200 day moving average of $21.51.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. The business's revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMTM shares. Raymond James Financial reissued an "outperform" rating and set a $30.00 target price on shares of Amentum in a report on Monday, August 18th. The Goldman Sachs Group upped their target price on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. JMP Securities reiterated a "market outperform" rating and set a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Citizens Jmp assumed coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price for the company. Finally, Bank of America upped their target price on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.30.

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.