Bank of New York Mellon Corp Acquires 109,195 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Bank of New York Mellon Corp grew its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 760,509 shares of the company’s stock after acquiring an additional 109,195 shares during the period. Bank of New York Mellon Corp owned 0.31% of Amentum worth $13,841,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its stake in Amentum by 10,851.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock valued at $310,978,000 after purchasing an additional 14,652,319 shares during the period. Invesco Ltd. lifted its stake in shares of 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 buying an additional 6,055,638 shares during the period. Cooper Creek Partners Management LLC grew its position in Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock worth $87,422,000 after buying an additional 3,319,364 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amentum by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock worth $347,888,000 after purchasing an additional 2,529,173 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Amentum during the fourth quarter valued at approximately $30,286,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMTM. Bank of America began coverage on Amentum in a research note on Tuesday, June 10th. They issued a “neutral” rating and a $24.00 price target on the stock. Royal Bank Of Canada set a $24.00 price objective on shares of Amentum and gave the stock a “sector perform” rating in a report on Wednesday, May 21st. Truist Financial lowered their price objective on shares of Amentum from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Citizens Jmp started coverage on shares of Amentum in a research note on Monday, May 12th. They set an “outperform” rating and a $30.00 price target on the stock. Finally, BTIG Research assumed 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 research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.22.

Amentum Stock Down 1.2%

Shares of Amentum stock opened at $25.23 on Friday. The business has a 50-day moving average of $22.52 and a two-hundred day moving average of $20.96. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.56 and a current ratio of 1.56.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. Analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current 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.