Bank of Montreal Can Raises Stake in Amentum Holdings, Inc. $AMTM

Bank of Montreal Can raised its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 14.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,669 shares of the company’s stock after purchasing an additional 5,210 shares during the quarter. Bank of Montreal Can’s holdings in Amentum were worth $960,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Amentum in the 1st quarter worth $5,238,000. Rhumbline Advisers increased its stake in shares of Amentum by 5.1% during the first quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock worth $5,644,000 after acquiring an additional 14,919 shares during the period. Iat Reinsurance Co. LTD. purchased a new position in Amentum during the second quarter worth about $583,000. Cacti Asset Management LLC lifted its position in Amentum by 1.7% in the second quarter. Cacti Asset Management LLC now owns 848,946 shares of the company’s stock valued at $19,908,000 after purchasing an additional 14,504 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Amentum by 13.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock valued at $2,120,000 after purchasing an additional 10,487 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Truist Financial boosted their target price on Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Cantor Fitzgerald upgraded Amentum from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $35.00 in a research report on Thursday, September 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Amentum in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price target on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.55.

Amentum Stock Performance

Shares of AMTM stock opened at $22.04 on Friday. The stock has a fifty day moving average price of $23.08 and a 200 day moving average price of $23.28. 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 stock has a market cap of $5.36 billion, a PE ratio of 56.50, a P/E/G ratio of 0.73 and a beta of 0.23. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $26.63.

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.