Amentum Holdings, Inc. (NYSE:AMTM) Position Boosted by Northern Trust Corp

Northern Trust Corp increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 467.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 842,219 shares of the company's stock after buying an additional 693,706 shares during the period. Northern Trust Corp owned about 0.35% of Amentum worth $17,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMTM. Huntington National Bank purchased a new position in Amentum in the 4th quarter valued at about $30,000. IFP Advisors Inc lifted its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company's stock worth $35,000 after acquiring an additional 833 shares during the period. Asset Planning Inc acquired a new stake in Amentum during the 4th quarter worth approximately $36,000. Horizon Investments LLC acquired a new stake in Amentum during the 4th quarter worth approximately $36,000. Finally, GAMMA Investing LLC increased its position in Amentum by 333.1% during the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company's stock worth $37,000 after purchasing an additional 1,349 shares in the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price objective for the company. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial reduced their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.38.

Insider Buying and Selling

In related news, Director Barbara Loughran purchased 4,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the purchase, the director now owns 4,600 shares of the company's stock, valued at $97,658. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 18.67% of the stock is owned by corporate insiders.

Amentum Price Performance

NYSE:AMTM traded up $0.26 during mid-day trading on Friday, reaching $21.86. 2,524,275 shares of the stock were exchanged, compared to its average volume of 2,778,461. The business has a fifty day moving average price of $19.41 and a 200 day moving average price of $21.56. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. 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 (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

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.