Nuveen Asset Management LLC Sells 132,639 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Nuveen Asset Management LLC lessened its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 30.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,885 shares of the company's stock after selling 132,639 shares during the quarter. Nuveen Asset Management LLC owned about 0.12% of Amentum worth $6,391,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after buying an additional 2,529,173 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in 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 valued at $310,978,000 after buying an additional 14,652,319 shares in the last quarter. Invesco Ltd. grew its holdings in Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after buying an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA grew its holdings in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock valued at $134,894,000 after buying an additional 1,143,097 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its holdings in Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after buying an additional 3,319,364 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Price Performance

Shares of AMTM stock traded down $1.28 on Monday, reaching $19.39. 4,413,259 shares of the company's stock were exchanged, compared to its average volume of 2,755,752. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The company's fifty day simple moving average is $19.91 and its 200 day simple moving average is $20.83.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on AMTM shares. Morgan Stanley started coverage on Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target for the company. The Goldman Sachs Group began coverage on Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target for the company. Citizens Jmp began coverage on Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 price objective for the company. BTIG Research began coverage on Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada set a $24.00 price objective on Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.38.

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.