Price T Rowe Associates Inc. MD Lowers Stake in Amentum Holdings, Inc. (NYSE:AMTM)

Price T Rowe Associates Inc. MD lessened its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 64.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,126 shares of the company's stock after selling 112,432 shares during the period. Price T Rowe Associates Inc. MD's holdings in Amentum were worth $1,307,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Barclays PLC purchased a new position in Amentum in the third quarter worth approximately $5,153,000. Tidal Investments LLC acquired a new stake in shares of Amentum during the 3rd quarter worth about $768,000. JPMorgan Chase & Co. purchased a new stake in Amentum in the 3rd quarter valued at about $8,739,000. GAMMA Investing LLC lifted its position in Amentum by 333.1% in 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 during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. raised its position in Amentum by 177.0% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 43,155 shares of the company's stock valued at $907,000 after purchasing an additional 27,575 shares during the period. Institutional investors and hedge funds own 39.93% of the company's stock.

Insider Activity

In related news, Director Barbara Loughran bought 4,600 shares of Amentum 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 in the company, valued at $97,658. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 18.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective for the company. Truist Financial dropped their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citizens Jmp began coverage on Amentum in a report on Monday. They issued an "outperform" rating and a $30.00 price target for the company. BTIG Research began coverage on shares of Amentum in a research report on Tuesday, April 15th. They set a "buy" rating and a $30.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 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 company's stock. According to MarketBeat, Amentum presently has a consensus rating of "Hold" and an average target price of $25.38.

Amentum Trading Up 3.6%

Shares of AMTM stock traded up $0.75 during trading hours on Thursday, reaching $21.73. 613,592 shares of the company's stock were exchanged, compared to its average volume of 2,766,402. 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's 50 day moving average is $19.25 and its two-hundred day moving average is $21.74.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (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. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share 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.