Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,674 shares of the company's stock after selling 157,295 shares during the period. JPMorgan Chase & Co.'s holdings in Amentum were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMTM. Vanguard Group Inc. boosted its position in Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock valued at $347,888,000 after buying an additional 2,529,173 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Amentum by 469.4% in the fourth 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 period. Primecap Management Co. CA lifted its holdings in Amentum by 21.7% in the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock valued at $134,894,000 after acquiring an additional 1,143,097 shares during the period. Van ECK Associates Corp acquired a new position in Amentum in the fourth quarter valued at approximately $23,812,000. Finally, Thrivent Financial for Lutherans lifted its holdings in Amentum by 201.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,611,796 shares of the company's stock valued at $33,896,000 after acquiring an additional 1,076,375 shares during the period. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

Shares of AMTM stock traded up $0.35 during trading hours on Tuesday, hitting $22.19. 1,320,901 shares of the company's stock were exchanged, compared to its average volume of 2,840,373. The firm has a 50 day moving average of $18.80 and a two-hundred day moving average of $22.23. 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 current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Truist Financial decreased their price target on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald raised Amentum to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group began coverage on Amentum in a report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target for the company. Finally, BTIG Research began coverage on Amentum in a research note on Tuesday, April 15th. They set a "buy" rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $24.71.

Insider Buying and Selling

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the transaction, the insider now owns 620,893 shares of the company's stock, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company's stock, valued at $97,658. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by company insiders.

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.