28,362 Shares in Amentum Holdings, Inc. $AMTM Purchased by Quantbot Technologies LP

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 acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,362 shares of the company's stock, valued at approximately $516,000.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Amentum during the 1st quarter worth approximately $5,238,000. Principal Financial Group Inc. grew its position in shares of Amentum by 18.3% during the 1st quarter. Principal Financial Group Inc. now owns 712,172 shares of the company's stock worth $12,962,000 after buying an additional 110,123 shares during the period. Amalgamated Bank grew its position in shares of Amentum by 12.3% during the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company's stock worth $789,000 after buying an additional 4,756 shares during the period. KBC Group NV grew its position in shares of Amentum by 14.3% during the 1st quarter. KBC Group NV now owns 7,339 shares of the company's stock worth $134,000 after buying an additional 918 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Amentum during the 1st quarter worth approximately $615,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMTM shares. Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. Royal Bank Of Canada raised their price objective on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised their price objective on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Truist Financial raised their price objective on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Bank of America raised their target price on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Amentum has a consensus rating of "Hold" and a consensus target price of $27.30.

Amentum Stock Performance

Shares of Amentum stock traded up $0.05 during trading hours on Thursday, hitting $25.22. 1,301,634 shares of the company's stock traded hands, compared to its average volume of 1,517,423. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.50. The stock has a market capitalization of $6.14 billion and a price-to-earnings ratio of 64.66. The company has a fifty day simple moving average of $24.57 and a 200-day simple moving average of $21.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping 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 company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. The business's revenue for the quarter 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 EPS for the current fiscal year.

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.