Washington Trust Advisors Inc. Sells 26,394 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Washington Trust Advisors Inc. decreased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 32.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,846 shares of the company's stock after selling 26,394 shares during the period. Washington Trust Advisors Inc.'s holdings in Amentum were worth $980,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Amentum by 18.0% during the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after purchasing an additional 14,652,319 shares during the last quarter. Invesco Ltd. boosted its holdings in Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after purchasing an additional 6,055,638 shares during the last quarter. Primecap Management Co. CA boosted its holdings in Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after purchasing an additional 1,143,097 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its holdings in Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock worth $87,422,000 after purchasing an additional 3,319,364 shares during the last quarter. Institutional investors own 39.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMTM shares. Morgan Stanley started coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target for the company. Bank of America started coverage on shares of Amentum in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 price target for the company. Truist Financial cut their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group started coverage on shares of Amentum in a research note on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. Finally, BTIG Research started coverage on shares of Amentum in a research note on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Amentum presently has an average rating of "Hold" and an average target price of $25.22.

Amentum Stock Down 2.4%

Shares of AMTM opened at $23.47 on Monday. The company's 50-day moving average is $21.60 and its 200-day moving average is $20.61. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.56.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS 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.

Want to see what other hedge funds are holding AMTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amentum Holdings, Inc. (NYSE:AMTM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.