Russell Investments Group Ltd. Boosts Stake in Amentum Holdings, Inc. $AMTM

Russell Investments Group Ltd. grew its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 85.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,933 shares of the company’s stock after buying an additional 107,395 shares during the period. Russell Investments Group Ltd. owned 0.10% of Amentum worth $4,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMTM. Signaturefd LLC raised 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 worth $32,000 after buying an additional 916 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock worth $43,000 after buying an additional 1,900 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock worth $57,000 after buying an additional 1,383 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Amentum by 382.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,748 shares of the company’s stock worth $58,000 after buying an additional 2,178 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Amentum by 43.3% in the fourth quarter. State of Wyoming now owns 2,756 shares of the company’s stock worth $58,000 after buying an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AMTM. Truist Financial raised their price target on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Bank of America raised their price target on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday. Finally, Citizens Jmp initiated coverage on shares of Amentum in a research note on Monday, May 12th. They issued an “outperform” rating and a $30.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.30.

Amentum Stock Up 2.7%

AMTM stock opened at $24.9150 on Friday. The firm has a market cap of $6.06 billion and a PE ratio of 63.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s fifty day moving average is $24.33 and its 200 day moving average is $21.52. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.50.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 net margin of 0.41% and a return on equity of 10.90%. 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. On average, research analysts forecast 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.