Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 34.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,343 shares of the company's stock after selling 27,656 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Amentum were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC purchased a new stake in Amentum during the 3rd quarter valued at about $5,153,000. Exchange Traded Concepts LLC grew its stake in Amentum by 102.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,312 shares of the company's stock valued at $280,000 after acquiring an additional 6,744 shares in the last quarter. Blue Trust Inc. purchased a new stake in Amentum during the 4th quarter valued at about $117,000. Foundations Investment Advisors LLC purchased a new stake in Amentum during the 4th quarter valued at about $409,000. Finally, abrdn plc purchased a new stake in Amentum during the 4th quarter valued at about $793,000. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

Shares of AMTM stock traded down $1.33 during trading hours on Monday, hitting $19.34. The company had a trading volume of 1,757,719 shares, compared to its average volume of 2,740,820. The company's fifty day moving average is $19.91 and its 200 day moving average is $20.83. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMTM shares. 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 objective for the company. BTIG Research initiated coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. Cantor Fitzgerald upgraded shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Truist Financial decreased their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.38.

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.