39,400 Shares in Amentum Holdings, Inc. $AMTM Bought by Versor Investments LP

Key Points

• Versor Investments LP has acquired a new stake in Amentum Holdings, purchasing 39,400 shares valued at approximately $717,000.
• Multiple institutional investors, including Summit Securities and Freestone Capital, also increased or initiated positions in Amentum during the first quarter.
• Amentum's stock has a current price target average of $27.30, with various brokerages giving it ratings ranging from "sell" to "buy."

Versor Investments LP bought a new stake in 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 (SEC). The institutional investor bought 39,400 shares of the company's stock, valued at approximately $717,000.

Several other large investors have also recently bought and sold shares of AMTM. American Securities LLC bought a new stake in Amentum in the first quarter valued at approximately $798,869,000. Kovitz Investment Group Partners LLC increased its stake in Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after purchasing an additional 14,652,319 shares in the last quarter. Primecap Management Co. CA increased its stake in Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock valued at $183,121,000 after purchasing an additional 3,647,210 shares in the last quarter. Invesco Ltd. increased its stake in Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after purchasing an additional 3,334,871 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Amentum by 149.5% in the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company's stock valued at $49,068,000 after purchasing an additional 1,398,143 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Analysts Set New Price Targets

AMTM has been the subject of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Royal Bank Of Canada upped their target price on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Raymond James Financial reissued an "outperform" rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Truist Financial increased their price objective on shares of Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Citizens Jmp began coverage on shares of Amentum in a research report on Monday, May 12th. They set an "outperform" rating and a $30.00 price objective for the company. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Amentum has a consensus rating of "Hold" and a consensus price target of $27.30.

Amentum Stock Up 2.7%

AMTM traded up $0.6450 during trading hours on Friday, hitting $24.9150. 813,253 shares of the company's stock were exchanged, compared to its average volume of 1,578,808. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.50. The stock's 50-day moving average is $24.33 and its two-hundred day moving average is $21.50. The stock has a market cap of $6.06 billion and a price-to-earnings ratio of 63.89. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. The business'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. Sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal 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.