Amentum Holdings, Inc. $AMTM Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 259,200 shares of the company’s stock after selling 4,000 shares during the quarter. Swiss National Bank owned about 0.11% of Amentum worth $4,717,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC grew its holdings in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares during the period. FNY Investment Advisers LLC raised its stake in Amentum by 380.0% during the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock worth $43,000 after purchasing an additional 1,900 shares during the period. GAMMA Investing LLC boosted its holdings in Amentum by 78.8% in the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after purchasing an additional 1,383 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Amentum by 382.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company’s stock valued at $58,000 after purchasing an additional 2,178 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Amentum by 43.3% in the 4th quarter. State of Wyoming now owns 2,756 shares of the company’s stock valued at $58,000 after buying an additional 833 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 3.0%

Amentum stock opened at $24.3760 on Wednesday. The firm has a market capitalization of $5.93 billion and a P/E ratio of 62.50. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.50. The stock’s fifty day simple moving average is $24.22 and its 200-day simple moving average is $21.44.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The company’s quarterly revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMTM has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Bank of America raised their price objective on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Truist Financial upped their target price on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased their target price 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $30.00 price target on shares of Amentum in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.30.

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.