Illinois Municipal Retirement Fund Invests $1.21 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Illinois Municipal Retirement Fund bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 66,507 shares of the company's stock, valued at approximately $1,210,000.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank purchased a new position in Amentum during the fourth quarter worth about $30,000. IFP Advisors Inc boosted its stake in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the period. Horizon Investments LLC purchased a new position in shares of Amentum in the fourth quarter valued at approximately $36,000. FNY Investment Advisers LLC boosted its stake 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 purchasing an additional 1,900 shares during the period. Finally, National Bank of Canada FI boosted its stake 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 purchasing an additional 2,193 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Wall Street Analyst Weigh In

AMTM has been the subject of several recent research reports. Citizens Jmp initiated coverage on shares of Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Truist Financial lowered their price objective on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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 objective for the company. Finally, Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.22.

Amentum Price Performance

NYSE AMTM traded up $0.03 during trading on Friday, reaching $24.33. 814,090 shares of the company's stock were exchanged, compared to its average volume of 2,709,098. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average price of $21.99 and a two-hundred day moving average price of $20.68. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. Sell-side analysts forecast 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.