Amentum Holdings, Inc. (NYSE:AMTM) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 62.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,538 shares of the company's stock after purchasing an additional 48,147 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of Amentum worth $2,641,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMTM. Anchor Investment Management LLC purchased a new stake in shares of Amentum during the third quarter valued at about $32,000. Huntington National Bank purchased a new stake in Amentum during the fourth quarter valued at approximately $30,000. IFP Advisors Inc boosted its stake 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 acquiring an additional 833 shares in the last quarter. Asset Planning Inc acquired a new stake in Amentum in the fourth quarter valued at approximately $36,000. Finally, Horizon Investments LLC purchased a new position in Amentum in the fourth quarter worth $36,000. Institutional investors own 39.93% of the company's stock.

Insider Buying and Selling at Amentum

In other news, Director Barbara Loughran bought 4,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now directly owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by corporate insiders.

Amentum Price Performance

NYSE AMTM traded up $0.94 during trading hours on Wednesday, reaching $20.09. The stock had a trading volume of 575,168 shares, compared to its average volume of 2,478,652. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $34.50. The company's fifty day moving average is $18.72. 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 (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMTM. Truist Financial lowered their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group began coverage on Amentum in a research note on Thursday, March 20th. They set a "neutral" rating and a $21.00 price target on the stock. Cantor Fitzgerald raised shares of Amentum to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley initiated coverage on shares of Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 target price on the stock. Finally, BTIG Research initiated coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $24.71.

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.