Janus Henderson Group PLC Sells 50,820 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Janus Henderson Group PLC decreased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 43.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,239 shares of the company's stock after selling 50,820 shares during the quarter. Janus Henderson Group PLC's holdings in Amentum were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank acquired a new position in Amentum in the 4th quarter valued at approximately $30,000. IFP Advisors Inc grew its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Amentum in the fourth quarter worth $36,000. Horizon Investments LLC purchased a new stake in shares of Amentum during the fourth quarter worth $36,000. Finally, National Bank of Canada FI raised its holdings in shares of Amentum by 31,328.6% during the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock worth $46,000 after acquiring an additional 2,193 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BTIG Research assumed coverage on Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. Royal Bank of Canada set a $24.00 price objective on Amentum and gave the stock a "sector perform" rating in a report on Wednesday, May 21st. Truist Financial reduced their target price 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. Citizens Jmp started coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. Finally, Morgan Stanley started coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $25.38.

Amentum Trading Down 1.4%

AMTM traded down $0.31 on Wednesday, hitting $20.95. The company had a trading volume of 160,891 shares, compared to its average volume of 2,727,403. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The company's fifty day moving average price is $19.79 and its 200 day moving average price is $21.08. 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.