Kennedy Capital Management LLC Invests $325,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Kennedy Capital Management LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,449 shares of the company’s stock, valued at approximately $325,000.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in Amentum by 9.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company’s stock worth $164,000 after buying an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Amentum by 22.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock worth $84,000 after purchasing an additional 730 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Amentum in the 3rd quarter valued at $32,000. Finally, GAMMA Investing LLC boosted its holdings in Amentum by 333.1% in the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock worth $37,000 after purchasing an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Price Performance

AMTM opened at $18.74 on Wednesday. Amentum Holdings, Inc. has a 1-year low of $16.01 and a 1-year high of $34.47. The company has a 50 day simple moving average of $18.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Equities research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Cantor Fitzgerald raised Amentum to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group began coverage on Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. BTIG Research assumed coverage on shares of Amentum in a research note on Tuesday. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Truist Financial lowered their target price on shares of Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Insider Transactions at Amentum

In other Amentum news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now directly owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

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.