Amentum Holdings, Inc. $AMTM Shares Sold by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw Inc. has reduced its stake in Amentum Holdings by 44.8%, selling 23,901 shares and retaining 29,442 shares valued at $695,000.
• Several institutional investors, including Captrust Financial Advisors and Millennium Management LLC, have increased their positions in Amentum during the fourth quarter, indicating growing interest from the investment community.
• Amentum Holdings reported $2.23 billion in quarterly revenue, significantly lower than the consensus estimate of $3.51 billion, while achieving earnings per share of $0.56, exceeding expectations.

Neville Rodie & Shaw Inc. lessened its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 44.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,442 shares of the company's stock after selling 23,901 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Amentum were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMTM. Captrust Financial Advisors grew its holdings in Amentum by 5.9% during the 4th quarter. Captrust Financial Advisors now owns 25,856 shares of the company's stock valued at $544,000 after buying an additional 1,445 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Amentum by 38.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 119,936 shares of the company's stock valued at $2,522,000 after buying an additional 33,546 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Amentum during the 4th quarter valued at approximately $249,000. Millennium Management LLC lifted its stake in shares of Amentum by 78.1% in the 4th quarter. Millennium Management LLC now owns 1,196,574 shares of the company's stock valued at $25,164,000 after purchasing an additional 524,807 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Amentum by 36.7% in the 4th quarter. Quantinno Capital Management LP now owns 37,315 shares of the company's stock valued at $785,000 after purchasing an additional 10,022 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Down 0.2%

Shares of AMTM stock traded down $0.04 on Friday, reaching $22.23. 424,867 shares of the stock were exchanged, compared to its average volume of 2,152,134. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average of $24.64 and a two-hundred day moving average of $21.98. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.50. The stock has a market cap of $5.41 billion and a P/E ratio of 56.94.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. The business'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. On average, research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

AMTM has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Truist Financial raised their price objective on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America increased their target price on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.40.

Amentum 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.