Dynamic Technology Lab Private Ltd acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,458 shares of the company’s stock, valued at approximately $442,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Intact Investment Management Inc. lifted its holdings in shares of Amentum by 6.1% in the second quarter. Intact Investment Management Inc. now owns 7,319 shares of the company’s stock valued at $173,000 after purchasing an additional 419 shares in the last quarter. MAI Capital Management grew its position in shares of Amentum by 12.3% in the second quarter. MAI Capital Management now owns 4,259 shares of the company’s stock valued at $101,000 after purchasing an additional 468 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Amentum by 13.0% during the 3rd quarter. GAMMA Investing LLC now owns 5,021 shares of the company’s stock worth $120,000 after purchasing an additional 578 shares in the last quarter. Paragon Capital Management LLC increased its stake in shares of Amentum by 1.3% during the 2nd quarter. Paragon Capital Management LLC now owns 48,710 shares of the company’s stock worth $1,150,000 after purchasing an additional 638 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Amentum by 116.5% during the 3rd quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after purchasing an additional 648 shares during the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.
Amentum Stock Performance
NYSE:AMTM opened at $28.00 on Thursday. The firm has a 50-day moving average of $32.66 and a two-hundred day moving average of $27.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $6.83 billion, a P/E ratio of 69.99, a PEG ratio of 0.85 and a beta of 0.23. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $38.11.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Cantor Fitzgerald increased their target price on Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada boosted their price target on Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Amentum in a research note on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amentum presently has a consensus rating of “Hold” and an average price target of $34.91.
Check Out Our Latest Report on Amentum
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.
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