Invesco Ltd. Has $312.88 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• Invesco Ltd. increased its stake in Amentum Holdings, Inc. by 24.1%, owning a total of 17,191,110 shares valued at approximately $312.88 million.
• Amentum's recent earnings report showed a net margin of 0.41% with a revenue of $2.23 billion, although this fell short of analysts' expectations of $3.51 billion.
• Equities analysts have set a consensus price target of $26.11 for Amentum, with varying ratings including "buy," "hold," and one "sell."

Invesco Ltd. boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 24.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,191,110 shares of the company's stock after purchasing an additional 3,334,871 shares during the quarter. Invesco Ltd. owned 7.07% of Amentum worth $312,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolverine Asset Management LLC acquired a new position in shares of Amentum in the 1st quarter valued at approximately $605,000. American Securities LLC acquired a new position in shares of Amentum in the 1st quarter valued at approximately $798,869,000. Mutual of America Capital Management LLC raised its position in shares of Amentum by 11.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 20,957 shares of the company's stock valued at $381,000 after buying an additional 2,161 shares in the last quarter. CenterBook Partners LP raised its position in shares of Amentum by 481.4% in the 1st quarter. CenterBook Partners LP now owns 414,574 shares of the company's stock valued at $7,545,000 after buying an additional 343,268 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Amentum by 19.8% in the 1st quarter. Deutsche Bank AG now owns 17,088 shares of the company's stock valued at $311,000 after buying an additional 2,820 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Trading Up 0.9%

AMTM opened at $25.35 on Tuesday. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $6.17 billion and a price-to-earnings ratio of 64.99. The company's 50 day moving average price is $23.83 and its two-hundred day moving average price is $21.24.

Amentum (NYSE:AMTM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.51 billion. The firm's revenue was up 66.2% compared to the same quarter last year. As a group, research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMTM shares. Royal Bank Of Canada boosted their target price on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Bank of America started coverage on shares of Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 target price for the company. Truist Financial boosted their target price on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. BTIG Research assumed coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective for the company. Finally, Citizens Jmp assumed coverage on shares of Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. One investment 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, Amentum currently has an average rating of "Hold" and a consensus price target of $26.11.

Amentum Company Profile

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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