Strategic Advisors LLC Buys 30,560 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Strategic Advisors LLC raised its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 201.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,705 shares of the company’s stock after acquiring an additional 30,560 shares during the period. Strategic Advisors LLC’s holdings in Amentum were worth $961,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. State Street Corp bought a new position in Amentum during the 3rd quarter valued at $236,306,000. Primecap Management Co. CA bought a new position in Amentum during the 3rd quarter valued at $169,999,000. Geode Capital Management LLC bought a new position in Amentum during the 3rd quarter valued at $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new position in Amentum during the 3rd quarter valued at $81,608,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Amentum during the 3rd quarter valued at $78,399,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Stock Performance

Shares of Amentum stock opened at $19.82 on Monday. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. The firm has a 50-day moving average price of $21.67. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at Amentum

In related news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the acquisition, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.67% of the stock is currently owned by company insiders.

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.