Russell Investments Group Ltd. Raises Stock Holdings in Amentum Holdings, Inc. $AMTM

Key Points

• Russell Investments Group Ltd. increased its stake in Amentum Holdings by 85.5%, now owning 232,933 shares valued at approximately $4.24 million.
• Several hedge funds have significantly boosted their holdings in Amentum, with Signaturefd LLC raising its position by 108%, while FNY Investment Advisers LLC increased by 380%.
• Analysts have raised their price targets for Amentum, with a consensus rating of "Hold" and an average price target of $27.30 per share, following the company's quarterly earnings surpassing estimates.

Russell Investments Group Ltd. lifted its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 85.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,933 shares of the company's stock after acquiring an additional 107,395 shares during the period. Russell Investments Group Ltd. owned 0.10% of Amentum worth $4,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Public Sector Pension Investment Board boosted its stake in shares of Amentum by 47.2% in the first quarter. Public Sector Pension Investment Board now owns 455,129 shares of the company's stock worth $8,283,000 after acquiring an additional 145,943 shares during the period. Nuveen LLC purchased a new stake in shares of Amentum in the first quarter worth about $5,238,000. Invesco Ltd. lifted its position in shares of 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 buying an additional 3,334,871 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Amentum in the first quarter worth about $605,000. Finally, American Securities LLC purchased a new stake in shares of Amentum in the first quarter worth about $798,869,000. Institutional investors own 39.93% of the company's stock.

Analyst Ratings Changes

AMTM has been the topic of a number of research analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Bank of America boosted their target price on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group boosted their target price on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Citizens Jmp initiated coverage on Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. Finally, Royal Bank Of Canada boosted their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.30.

Amentum Trading Up 0.2%

Shares of NYSE:AMTM traded up $0.05 during trading on Thursday, hitting $25.22. The company had a trading volume of 1,301,634 shares, compared to its average volume of 1,517,423. The stock has a market cap of $6.14 billion and a price-to-earnings ratio of 64.66. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.50. The company has a fifty day simple moving average of $24.57 and a two-hundred 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 posted its quarterly earnings data 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. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm's revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current 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.