Public Sector Pension Investment Board Increases Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• The Public Sector Pension Investment Board increased its stake in Amentum Holdings, Inc. by 47.2% during the first quarter, bringing its total holdings to 455,129 shares valued at approximately $8.28 million.
• Amentum's stock price received target price increases from multiple analysts, with the highest being $30.00 from Truist Financial, and currently has a consensus rating of "Hold" with a target price of $27.00.
• In its latest earnings report, Amentum reported $0.56 earnings per share, exceeding estimates, while total quarterly revenue reached $2.23 billion, a 66.2% year-over-year increase.

Public Sector Pension Investment Board increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 47.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,129 shares of the company's stock after purchasing an additional 145,943 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.19% of Amentum worth $8,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after purchasing an additional 1,900 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock worth $57,000 after purchasing an additional 1,383 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock worth $58,000 after purchasing an additional 2,178 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Amentum by 43.3% in the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after purchasing an additional 833 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMTM shares. Royal Bank Of Canada raised their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Truist Financial lifted their price objective on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Citizens Jmp assumed coverage on Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amentum has a consensus rating of "Hold" and an average price target of $27.00.

Amentum Stock Down 1.0%

Shares of AMTM traded down $0.25 during mid-day trading on Friday, reaching $25.19. The company had a trading volume of 1,235,520 shares, compared to its average volume of 1,652,314. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a 50-day moving average price of $24.14 and a 200 day moving average price of $21.38. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.50. The company has a market capitalization of $6.13 billion and a price-to-earnings ratio of 64.59.

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

Amentum Company 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.