Amentum Holdings, Inc. $AMTM Shares Acquired by Comerica Bank

Key Points

• Comerica Bank dramatically increased its holdings in Amentum Holdings by 409.8% during Q1, owning 248,718 shares valued at approximately $4.5 million.
• Amentum reported a 66.2% year-over-year revenue increase, totaling $2.23 billion for the quarter, alongside an EPS of $0.56, surpassing estimates.
• Analysts have varied ratings on Amentum, with a consensus of "Hold" and an average target price of $27.30, while several firms set targets as high as $30.

Comerica Bank increased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 409.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 248,718 shares of the company's stock after buying an additional 199,931 shares during the period. Comerica Bank owned 0.10% of Amentum worth $4,527,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after purchasing an additional 916 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock valued at $43,000 after purchasing an additional 1,900 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Amentum by 78.8% during the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock valued at $57,000 after purchasing an additional 1,383 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Amentum by 382.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock valued at $58,000 after purchasing an additional 2,178 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Amentum by 43.3% during 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 in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citizens Jmp assumed 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 increased their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Raymond James Financial reissued an "outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Bank of America raised their price target on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Amentum has an average rating of "Hold" and a consensus price target of $27.30.

Amentum Trading Down 1.3%

Amentum stock traded down $0.32 during midday trading on Wednesday, hitting $24.66. 452,337 shares of the stock were exchanged, compared to its average volume of 2,183,818. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. The stock has a market capitalization of $6.00 billion and a price-to-earnings ratio of 63.16. The stock's 50-day simple moving average is $24.74 and its 200 day simple moving average is $21.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. The firm'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 analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current 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.