Wellington Management Group LLP Buys 1,398,143 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Wellington Management Group LLP increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 149.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,333,221 shares of the company's stock after buying an additional 1,398,143 shares during the quarter. Wellington Management Group LLP owned about 0.96% of Amentum worth $49,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC lifted its position in shares of Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock valued at $310,978,000 after acquiring an additional 14,652,319 shares during the last quarter. Invesco Ltd. lifted its position in shares of Amentum by 77.6% during the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock valued at $291,397,000 after acquiring an additional 6,055,638 shares during the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company's stock valued at $87,422,000 after acquiring an additional 3,319,364 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Amentum by 469.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company's stock valued at $40,981,000 after acquiring an additional 1,606,442 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

Amentum Price Performance

NYSE AMTM traded down $1.15 during trading hours on Monday, reaching $19.51. 2,957,020 shares of the company's stock were exchanged, compared to its average volume of 2,747,834. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The firm has a fifty day moving average of $19.91 and a 200-day moving average of $20.83. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02.

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, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

AMTM has been the topic of a number of research analyst reports. Citizens Jmp initiated coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price target on the stock. Morgan Stanley initiated coverage on Amentum in a report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price target on the stock. Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on Amentum in a report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada set a $24.00 price target on Amentum and gave the company a "sector perform" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Amentum currently has a consensus rating of "Hold" and a consensus target price 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.