LPL Financial LLC Decreases Stock Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• LPL Financial LLC reduced its stake in Amentum Holdings, Inc. by 21.7%, selling 25,760 shares, and currently owns 93,022 shares valued at approximately $1.69 million.
• Analyst opinions on Amentum vary, with five rating the stock as a Buy, four as a Hold, and one as a Sell, while the consensus price target stands at $27.30.
• Amentum reported earnings per share of $0.56 for the last quarter, which exceeded expectations, with a year-over-year revenue increase of 66.2% to $2.23 billion.

LPL Financial LLC reduced its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 21.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 93,022 shares of the company's stock after selling 25,760 shares during the period. LPL Financial LLC's holdings in Amentum were worth $1,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC lifted its holdings in shares of Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after acquiring an additional 14,652,319 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Amentum by 149.5% during the 4th quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after acquiring an additional 1,398,143 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Amentum by 78.1% during the 4th quarter. Millennium Management LLC now owns 1,196,574 shares of the company's stock worth $25,164,000 after acquiring an additional 524,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amentum by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 869,596 shares of the company's stock worth $18,288,000 after acquiring an additional 37,571 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Amentum by 467.1% during the 4th quarter. Northern Trust Corp now owns 842,219 shares of the company's stock worth $17,712,000 after acquiring an additional 693,706 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMTM shares. Citizens Jmp started coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Raymond James Financial reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Bank of America lifted their target price on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.30.

Amentum Trading Up 0.1%

Shares of AMTM stock traded up $0.03 during mid-day trading on Wednesday, reaching $25.17. The stock had a trading volume of 1,039,593 shares, compared to its average volume of 1,575,644. The stock's 50-day moving average price is $24.50 and its two-hundred day moving average price is $21.57. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The firm has a market capitalization of $6.12 billion and a PE ratio of 64.53. 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, beating 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 analysts' expectations of $3.51 billion. The company's revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share 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.