Amentum Holdings, Inc. (NYSE:AMTM) Position Lowered by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 81.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,045 shares of the company's stock after selling 182,758 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Amentum were worth $863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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 lifted its position 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 buying an additional 14,652,319 shares during the period. Invesco Ltd. boosted its stake in Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company's stock worth $291,397,000 after buying an additional 6,055,638 shares during the last quarter. Primecap Management Co. CA boosted its stake in Amentum by 21.7% in the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after buying an additional 1,143,097 shares during the last quarter. Finally, Cooper Creek Partners Management LLC grew its holdings in Amentum by 396.3% in 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 buying an additional 3,319,364 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Down 3.0%

Shares of AMTM stock traded down $0.65 during trading hours on Monday, reaching $20.56. The company had a trading volume of 1,351,454 shares, compared to its average volume of 2,749,981. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The stock's fifty day simple moving average is $19.70 and its 200 day simple moving average is $21.17.

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

Analyst Ratings Changes

AMTM has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price on the stock. Truist Financial decreased their price target on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada set a $24.00 price objective on shares of Amentum and gave the company a "sector perform" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, Morgan Stanley started coverage on Amentum in a report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. One investment 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.38.

Amentum 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.