MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $18.29 Million Stake in Amentum Holdings, Inc. (NYSE:AMTM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 869,596 shares of the company's stock after buying an additional 37,571 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.36% of Amentum worth $18,288,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank acquired a new position in shares of Amentum in the 4th quarter worth $30,000. IFP Advisors Inc boosted its position in shares of Amentum by 119.2% in the 4th 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 period. Asset Planning Inc purchased a new position in Amentum in the 4th quarter worth about $36,000. Horizon Investments LLC acquired a new stake in Amentum during the 4th quarter worth about $36,000. Finally, GAMMA Investing LLC lifted its stake 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 buying an additional 1,349 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMTM has been the topic of several analyst reports. Truist Financial dropped their target price on shares of Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. BTIG Research started coverage on Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Morgan Stanley started coverage on Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price for the company. Finally, Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They set an "outperform" rating and a $30.00 price target on the stock. 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $25.38.

Insider Activity at Amentum

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now owns 4,600 shares in the company, valued at $97,658. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 18.67% of the company's stock.

Amentum Stock Performance

AMTM stock traded up $0.26 during mid-day trading on Friday, hitting $21.86. The stock had a trading volume of 2,524,275 shares, compared to its average volume of 2,778,461. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. The company has a fifty day moving average of $19.41 and a 200 day moving average of $21.56.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. As a group, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.