Charles Schwab Investment Management Inc. Increases Position in Amentum Holdings, Inc. $AMTM

Charles Schwab Investment Management Inc. raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,549,158 shares of the company’s stock after buying an additional 284,901 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Amentum worth $28,195,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Kovitz Investment Group Partners LLC boosted its position in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock valued at $310,978,000 after buying an additional 14,652,319 shares during the period. Primecap Management Co. CA boosted its position in shares of Amentum by 56.9% during the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock valued at $183,121,000 after buying an additional 3,647,210 shares during the period. Wellington Management Group LLP boosted its position in shares of Amentum by 149.5% during the fourth quarter. Wellington Management Group LLP now owns 2,333,221 shares of the company’s stock valued at $49,068,000 after buying an additional 1,398,143 shares during the period. Millennium Management LLC boosted its position in shares of Amentum by 78.1% during the fourth quarter. Millennium Management LLC now owns 1,196,574 shares of the company’s stock valued at $25,164,000 after buying an additional 524,807 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Amentum by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 869,596 shares of the company’s stock valued at $18,288,000 after buying an additional 37,571 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

Shares of AMTM opened at $24.3760 on Wednesday. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.50. The stock has a fifty day moving average price of $24.22 and a 200-day moving average price of $21.44. 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 firm has a market cap of $5.93 billion and a PE ratio of 62.50.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Truist Financial lifted their price target on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price target on shares of Amentum in a research note on Monday. Finally, Royal Bank Of Canada boosted their price objective on shares of Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.30.

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.