Mercer Global Advisors Inc. ADV Takes $341,000 Position in Amentum Holdings, Inc. (NYSE:AMTM)

Mercer Global Advisors Inc. ADV acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,207 shares of the company's stock, valued at approximately $341,000.

Several other large investors have also recently modified their holdings of AMTM. Huntington National Bank purchased a new stake in Amentum during the 4th quarter valued at about $30,000. IFP Advisors Inc boosted its holdings in Amentum by 119.2% in the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock valued at $35,000 after purchasing an additional 833 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Amentum during the 4th quarter valued at about $36,000. Horizon Investments LLC purchased a new stake in shares of Amentum in the fourth quarter worth about $36,000. Finally, GAMMA Investing LLC raised its position in Amentum by 333.1% during the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock valued at $37,000 after acquiring an additional 1,349 shares in the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

NYSE:AMTM traded up $0.78 on Tuesday, reaching $22.82. 272,483 shares of the company's stock were exchanged, compared to its average volume of 2,757,965. The business has a fifty day moving average of $19.48 and a 200-day moving average of $21.44. 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 Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.47.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMTM shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Citizens Jmp started coverage on Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. Truist Financial reduced their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley began coverage on shares of Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price on the stock. Finally, BTIG Research started coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.