Amentum Holdings, Inc. (NYSE:AMTM) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has significantly increased its stake in Amentum Holdings by 145.4%, now holding 56,858 shares valued at approximately $1,035,000.
• Amentum's quarterly earnings showed an EPS of $0.56, surpassing estimates, although its revenue of $2.23 billion fell short of analyst expectations.
• Analysts have varied viewpoints on Amentum, with target price estimates ranging from $19.00 to $30.00, indicating an average rating of "Hold" for the stock.

Natixis Advisors LLC raised its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 145.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,858 shares of the company's stock after purchasing an additional 33,686 shares during the quarter. Natixis Advisors LLC's holdings in Amentum were worth $1,035,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of 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 during the period. National Bank of Canada FI boosted its stake 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 valued at $46,000 after purchasing an additional 2,193 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of 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 during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 during the period. Finally, State of Wyoming boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Down 4.1%

Shares of AMTM stock traded down $1.09 during mid-day trading on Thursday, hitting $25.44. 1,409,036 shares of the stock traded hands, compared to its average volume of 2,270,433. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-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 stock has a market cap of $6.19 billion and a P/E ratio of 65.22. The stock's fifty day moving average is $24.02 and its two-hundred day moving average is $21.31.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The firm's quarterly revenue was up 66.2% compared to the same quarter last year. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday. 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 note on Thursday, July 24th. Morgan Stanley assumed coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price for the company. Bank of America upped their price objective on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Citizens Jmp assumed 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.00.

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.