Citigroup Inc. Sells 53,155 Shares of Amentum Holdings, Inc. $AMTM

Citigroup Inc. reduced its position in Amentum Holdings, Inc. (NYSE:AMTM) by 40.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,709 shares of the company’s stock after selling 53,155 shares during the quarter. Citigroup Inc.’s holdings in Amentum were worth $1,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Amentum by 13.9% during the 2nd quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock worth $462,219,000 after acquiring an additional 2,386,131 shares during the period. Norges Bank bought a new position in Amentum in the second quarter valued at approximately $51,015,000. Primecap Management Co. CA raised its position in Amentum by 19.6% during the second quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock valued at $284,044,000 after purchasing an additional 1,969,067 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Amentum by 52.6% during the second quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after purchasing an additional 1,882,011 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Amentum during the second quarter worth $32,576,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMTM has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. BTIG Research restated a “buy” rating and set a $35.00 price objective on shares of Amentum in a research report on Wednesday, February 11th. Wall Street Zen lowered Amentum from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Truist Financial lifted their target price on Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, UBS Group boosted their target price on Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.91.

Amentum Stock Performance

NYSE AMTM opened at $30.07 on Monday. The firm’s fifty day moving average price is $32.67 and its two-hundred day moving average price is $27.68. The stock has a market cap of $7.33 billion, a PE ratio of 75.18, a PEG ratio of 0.88 and a beta of 0.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.42 and a current ratio of 1.42. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $38.11.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Amentum had a return on equity of 11.56% and a net margin of 0.69%.The firm’s revenue was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.