Vanguard Group Inc. Cuts Position in Amentum Holdings, Inc. $AMTM

Vanguard Group Inc. cut its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 1.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,342,560 shares of the company’s stock after selling 199,887 shares during the period. Vanguard Group Inc. owned about 6.72% of Amentum worth $297,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMTM. Natixis Advisors LLC lifted its stake in Amentum by 145.4% in the first quarter. Natixis Advisors LLC now owns 56,858 shares of the company’s stock worth $1,035,000 after purchasing an additional 33,686 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Amentum in the first quarter worth $555,000. Allianz Asset Management GmbH bought a new stake in Amentum in the first quarter worth $704,000. Teachers Retirement System of The State of Kentucky lifted its stake in Amentum by 12.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 55,816 shares of the company’s stock worth $1,016,000 after purchasing an additional 6,232 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its stake in Amentum by 4.9% in the first quarter. Bryn Mawr Capital Management LLC now owns 62,372 shares of the company’s stock worth $1,135,000 after purchasing an additional 2,898 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of NYSE:AMTM opened at $25.19 on Monday. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $21.39. The company has a market cap of $6.13 billion and a price-to-earnings ratio of 64.59.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. The business’s quarterly revenue was up 66.2% compared to the same quarter last year. As a group, equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMTM. The Goldman Sachs Group boosted their price target on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Truist Financial boosted their price target on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Bank of America upped their price objective on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Citizens Jmp initiated coverage on shares of Amentum in a research note on Monday, May 12th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Royal Bank Of Canada upped their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. One equities 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.00.

About Amentum

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.