SFE Investment Counsel Has $270,000 Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

SFE Investment Counsel reduced its position in Amentum Holdings, Inc. (NYSE:AMTM) by 65.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,830 shares of the company’s stock after selling 24,260 shares during the period. SFE Investment Counsel’s holdings in Amentum were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMTM. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum during the third quarter worth approximately $790,000. Wharton Business Group LLC acquired a new stake in Amentum during the 3rd quarter worth $2,106,000. JPMorgan Chase & Co. bought a new stake in shares of Amentum during the 3rd quarter valued at $8,739,000. Peak Asset Management LLC acquired a new position in shares of Amentum in the 3rd quarter valued at $774,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Amentum in the 4th quarter worth $409,000. Institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 1.0 %

AMTM stock opened at $20.52 on Thursday. Amentum Holdings, Inc. has a 1-year low of $18.38 and a 1-year high of $34.50. The business’s 50-day simple moving average is $21.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. As a group, analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMTM shares. Cantor Fitzgerald initiated coverage on Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research note on Thursday, February 6th. Finally, Raymond James began coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock.

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.