Public Employees Retirement Association of Colorado Acquires New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Public Employees Retirement Association of Colorado purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,768 shares of the company's stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC bought a new position in Amentum during the third quarter valued at about $5,153,000. Anchor Investment Management LLC acquired a new position in shares of Amentum in the third quarter valued at $32,000. Pine Valley Investments Ltd Liability Co bought a new position in Amentum in the third quarter worth $677,000. Wilmington Savings Fund Society FSB acquired a new stake in Amentum during the third quarter worth $790,000. Finally, Tidal Investments LLC bought a new stake in Amentum in the 3rd quarter valued at $768,000. Institutional investors own 39.93% of the company's stock.

Insider Activity

In related news, insider Steven J. Demetriou purchased 100,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Barbara Loughran acquired 4,600 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMTM shares. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a report on Tuesday, February 25th. BTIG Research initiated 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 initiated coverage on Amentum in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 price target on the stock. The Goldman Sachs Group started coverage on Amentum in a research report on Thursday, March 20th. They issued a "neutral" rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. One equities 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $24.71.

Amentum Stock Up 1.8 %

NYSE AMTM traded up $0.39 on Tuesday, hitting $22.22. 2,594,395 shares of the company were exchanged, compared to its average volume of 2,806,068. 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 1-year low of $16.01 and a 1-year high of $34.47. The firm has a 50 day moving average of $18.94 and a two-hundred day moving average of $22.03.

Amentum (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.04. On average, research 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.