Public Employees Retirement System of Ohio Makes New $938,000 Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Public Employees Retirement System of Ohio bought a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,606 shares of the company's stock, valued at approximately $938,000.

Several other large investors also recently added to or reduced their stakes in the business. Huntington National Bank bought a new position in shares of Amentum in the fourth quarter worth approximately $30,000. IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after buying an additional 833 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Amentum in the fourth quarter worth $36,000. Horizon Investments LLC purchased a new position in shares of Amentum in the fourth quarter worth $36,000. Finally, National Bank of Canada FI lifted its holdings in shares of Amentum by 31,328.6% in the fourth quarter. National Bank of Canada FI now owns 2,200 shares of the company's stock worth $46,000 after buying an additional 2,193 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

Shares of Amentum stock traded up $0.58 during midday trading on Thursday, hitting $21.86. The company had a trading volume of 2,495,053 shares, compared to its average volume of 2,768,634. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The company has a fifty day simple moving average of $20.05 and a 200 day simple moving average of $20.79. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.44 billion. As a group, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. Truist Financial lowered their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 target price on the stock. Finally, BTIG Research started coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Amentum presently has an average rating of "Hold" and an average 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.