Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in Amentum Holdings, Inc. (NYSE:AMTM) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 608,845 shares of the company’s stock after selling 108,775 shares during the period. Bank of America Corp DE owned approximately 0.25% of Amentum worth $12,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Algert Global LLC purchased a new position in shares of Amentum in the fourth quarter worth $1,195,000. Aristotle Capital Boston LLC raised its holdings in shares of Amentum by 944.2% in the fourth quarter. Aristotle Capital Boston LLC now owns 476,977 shares of the company’s stock worth $10,031,000 after buying an additional 431,299 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of Amentum in the fourth quarter worth $8,938,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Amentum in the fourth quarter worth $341,000. Finally, Nexpoint Asset Management L.P. raised its holdings in shares of Amentum by 92.7% in the fourth quarter. Nexpoint Asset Management L.P. now owns 17,995 shares of the company’s stock worth $378,000 after buying an additional 8,655 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMTM. Citizens Jmp began coverage on shares of Amentum in a report on Monday, May 12th. They set an “outperform” rating and a $30.00 target price for the company. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada raised their target price on shares of Amentum from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Wednesday. BTIG Research began coverage on shares of Amentum in a report on Tuesday, April 15th. They set a “buy” rating and a $30.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of Amentum in a report on Thursday, March 20th. They set a “neutral” rating and a $21.00 target price for the company. One 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. According to MarketBeat.com, Amentum presently has an average rating of “Hold” and a consensus target price of $25.38.

Amentum Trading Up 2.5%

AMTM opened at $21.17 on Friday. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $19.66 and a two-hundred day moving average of $21.38.

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