Toronto Dominion Bank Sells 36,923 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Toronto Dominion Bank trimmed its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 78.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the company's stock after selling 36,923 shares during the period. Toronto Dominion Bank's holdings in Amentum were worth $210,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in shares of Amentum by 9.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after purchasing an additional 675 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company's stock worth $84,000 after buying an additional 730 shares in the last quarter. IFP Advisors Inc boosted its stake in Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after buying an additional 833 shares in the last quarter. Investment Management Corp of Ontario grew its position in Amentum by 4.3% in the fourth quarter. Investment Management Corp of Ontario now owns 28,214 shares of the company's stock valued at $593,000 after acquiring an additional 1,158 shares during the period. Finally, Huntington National Bank bought a new position in shares of Amentum during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Amentum Trading Down 0.1%

NYSE:AMTM traded down $0.03 on Friday, hitting $20.33. 326,795 shares of the stock were exchanged, compared to its average volume of 2,714,305. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The company's 50-day moving average price is $19.87 and its 200 day moving average price is $21.00.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMTM. Morgan Stanley initiated coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price for the company. Citizens Jmp assumed coverage on shares of Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a research report on Tuesday, February 25th. BTIG Research initiated coverage on Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group started coverage on Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Amentum presently has a consensus rating of "Hold" and a consensus price target of $25.38.

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.