Captrust Financial Advisors Boosts Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Captrust Financial Advisors increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,856 shares of the company’s stock after purchasing an additional 1,445 shares during the quarter. Captrust Financial Advisors’ holdings in Amentum were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock worth $347,888,000 after buying an additional 2,529,173 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after acquiring an additional 14,652,319 shares during the period. Invesco Ltd. boosted its holdings in Amentum by 77.6% in the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock valued at $291,397,000 after acquiring an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA increased its position in Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock valued at $134,894,000 after purchasing an additional 1,143,097 shares during the period. Finally, Cooper Creek Partners Management LLC increased its position in Amentum by 396.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock valued at $87,422,000 after purchasing an additional 3,319,364 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AMTM. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Citizens Jmp assumed coverage on shares of Amentum in a report on Monday, May 12th. They issued an “outperform” rating and a $30.00 price objective for the company. Truist Financial reduced their target price on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.38.

Insider Buying and Selling

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the transaction, the director now owns 4,600 shares of the company’s stock, valued at $97,658. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 18.67% of the stock is currently owned by company insiders.

Amentum Stock Performance

Amentum stock opened at $21.86 on Monday. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50 day moving average is $19.41 and its 200 day moving average is $21.50.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. As a group, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share 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.