Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in Amentum Holdings, Inc. (NYSE:AMTM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Amentum Holdings, Inc. by 33.3%, selling 10,700 shares and now holding 21,465 shares valued at $391,000.
• Principal Financial Group Inc. increased its holdings in Amentum by 18.3%, acquiring an additional 110,123 shares, now totaling 712,172 shares valued at $12,962,000.
• Amentum's current stock price is $24.18 with a consensus rating of "Hold" and a target price averaging $25.89.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 33.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 21,465 shares of the company's stock after selling 10,700 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Amentum were worth $391,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in shares of Amentum by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock worth $164,000 after acquiring an additional 675 shares during the last quarter. State of Wyoming lifted its position in shares of Amentum by 43.3% during the fourth quarter. State of Wyoming now owns 2,756 shares of the company's stock valued at $58,000 after buying an additional 833 shares during the last quarter. Signaturefd LLC boosted its position in shares of Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares in the last quarter. KBC Group NV grew its position in 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 purchasing an additional 918 shares during the last quarter. Finally, North Growth Management Ltd. lifted its stake in shares of Amentum by 1.1% during the first quarter. North Growth Management Ltd. now owns 92,000 shares of the company's stock worth $1,669,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMTM shares. Royal Bank Of Canada set a $24.00 target price on Amentum and gave the stock a "sector perform" rating in a research note on Wednesday, May 21st. BTIG Research initiated coverage on shares of Amentum in a report on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price for the company. Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. Citizens Jmp initiated coverage on shares of Amentum in a report on Monday, May 12th. They issued an "outperform" rating and a $30.00 price target for the company. Finally, Truist Financial lifted their price target on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Amentum currently has a consensus rating of "Hold" and an average target price of $25.89.

Amentum Trading Up 1.5%

AMTM traded up $0.39 on Wednesday, hitting $25.70. The company had a trading volume of 2,610,753 shares, compared to its average volume of 1,567,191. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.50. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.01. The company's fifty day moving average price is $23.41 and its 200 day moving average price is $21.17. The firm has a market cap of $6.25 billion and a P/E ratio of 12.35.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.91%. The firm's revenue was up 66.2% compared to the same quarter last year. As a group, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

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.