LPL Financial LLC Sells 25,760 Shares of Amentum Holdings, Inc. $AMTM

LPL Financial LLC trimmed its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 21.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 93,022 shares of the company’s stock after selling 25,760 shares during the quarter. LPL Financial LLC’s holdings in Amentum were worth $1,693,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMTM. Kovitz Investment Group Partners LLC increased its holdings in Amentum by 10,851.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after purchasing an additional 14,652,319 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Amentum by 149.5% in the 4th 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 last quarter. Northern Trust Corp grew its position in shares of Amentum by 467.1% in the 4th quarter. Northern Trust Corp now owns 842,219 shares of the company’s stock valued at $17,712,000 after buying an additional 693,706 shares during the last quarter. Engine Capital Management LP bought a new stake in shares of Amentum in the 4th quarter valued at about $13,068,000. Finally, Moore Capital Management LP bought a new stake in shares of Amentum during the 4th quarter valued at about $12,454,000. 39.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMTM shares. Royal Bank Of Canada upped their target price on Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Citizens Jmp began coverage on Amentum in a report on Monday, May 12th. They issued an “outperform” rating and a $30.00 target price on the stock. Truist Financial raised their target price on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America lifted their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group boosted their target price on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.30.

Amentum Trading Up 0.4%

Shares of AMTM stock opened at $24.2540 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $21.49. Amentum Holdings, Inc. has a 12-month low of $16.01 and a 12-month high of $34.50. The firm has a market cap of $5.90 billion and a P/E ratio of 62.19.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.