Quantbot Technologies LP Buys New Stake in Amentum Holdings, Inc. $AMTM

Key Points

• Quantbot Technologies LP has made a new investment in Amentum Holdings, acquiring 28,362 shares valued at approximately $516,000 in the 1st quarter.
• Amentum's stock has shown a significant performance trend with a 12-month high of $34.50 and a market capitalization of $6.15 billion, following positive earnings results that beat analysts' expectations.
• Several analysts have set a price target of $30.00 for Amentum shares, indicating a strong sentiment with multiple firms rating the stock as "outperform."

Quantbot Technologies LP purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,362 shares of the company's stock, valued at approximately $516,000.

A number of other hedge funds have also recently made changes to their positions in AMTM. Signaturefd LLC grew its stake in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after acquiring an additional 916 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Amentum by 380.0% in the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after acquiring an additional 1,900 shares in the last quarter. GAMMA Investing LLC grew its stake in Amentum by 78.8% in the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company's stock worth $57,000 after acquiring an additional 1,383 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in Amentum by 382.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company's stock worth $58,000 after acquiring an additional 2,178 shares in the last quarter. Finally, State of Wyoming grew its stake in Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company's stock worth $58,000 after acquiring an additional 833 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Down 1.2%

NYSE AMTM traded down $0.31 on Friday, hitting $24.94. The stock had a trading volume of 1,138,651 shares, compared to its average volume of 1,476,262. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The business's fifty day moving average price is $24.63 and its 200 day moving average price is $21.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $6.07 billion and a price-to-earnings ratio of 63.95.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.51 billion. The firm's revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent research reports. Truist Financial increased their target price on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. 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. The Goldman Sachs Group increased their target price on shares of Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Royal Bank Of Canada increased their target price on shares of Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a 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 report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.30.

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.