Amentum Holdings, Inc. $AMTM Shares Sold by Ruane Cunniff & Goldfarb L.P.

Key Points

• Ruane Cunniff & Goldfarb L.P. reduced its stake in Amentum Holdings, Inc. by 1.8%, selling 43,255 shares, and now owns approximately 2,393,039 shares valued at $43,553,000.
• Amentum has experienced significant interest from institutional investors, with 39.93% of its stock owned by them, including new stakes from American Securities LLC worth $798,869,000.
• Equities research analysts have varied ratings on Amentum, with five investment firms rating it as a "Buy" and a consensus price target set at $27.30.

Ruane Cunniff & Goldfarb L.P. decreased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,393,039 shares of the company's stock after selling 43,255 shares during the period. Amentum accounts for 0.8% of Ruane Cunniff & Goldfarb L.P.'s holdings, making the stock its 19th biggest position. Ruane Cunniff & Goldfarb L.P. owned 0.98% of Amentum worth $43,553,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. American Securities LLC acquired a new stake in Amentum in the first quarter worth about $798,869,000. Invesco Ltd. boosted its holdings in Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock worth $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after buying an additional 3,647,210 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock worth $49,068,000 after buying an additional 1,398,143 shares during the last quarter. Finally, Voss Capital LP grew its holdings in shares of Amentum by 393.7% during the first quarter. Voss Capital LP now owns 2,220,709 shares of the company's stock valued at $40,417,000 after buying an additional 1,770,891 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Stock Performance

AMTM stock traded up $0.17 during trading on Thursday, hitting $23.94. 1,247,461 shares of the company traded hands, compared to its average volume of 2,161,707. The stock's 50-day simple moving average is $24.79 and its 200 day simple moving average is $21.84. 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 company has a market cap of $5.83 billion and a PE ratio of 61.39. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm's quarterly revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Truist Financial upped their target price 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 upped 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. Royal Bank Of Canada upped their target price on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.