Allspring Global Investments Holdings LLC Lowers Stock Position in Amentum Holdings, Inc. (NYSE:AMTM)

Allspring Global Investments Holdings LLC lessened its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,420,967 shares of the company’s stock after selling 10,008 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.00% of Amentum worth $52,430,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AMTM. Heritage Family Offices LLP purchased a new position in Amentum during the third quarter worth about $308,000. ZWJ Investment Counsel Inc. purchased a new position in shares of Amentum in the third quarter valued at approximately $2,256,000. Compass Wealth Management LLC purchased a new position in shares of Amentum in the third quarter valued at approximately $804,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Amentum in the third quarter valued at approximately $414,000. Finally, Stonegate Investment Group LLC purchased a new position in shares of Amentum in the third quarter valued at approximately $608,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMTM. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Raymond James began coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald began coverage on shares of Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective for the company.

Amentum Stock Down 3.2 %

Shares of NYSE:AMTM opened at $19.84 on Friday. The company has a 50 day moving average price of $21.80. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. 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 earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

About Amentum

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.