US Bancorp DE Has $617,000 Position in Amentum Holdings, Inc. $AMTM

US Bancorp DE lifted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 10.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,122 shares of the company’s stock after acquiring an additional 2,564 shares during the period. US Bancorp DE’s holdings in Amentum were worth $617,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMTM. Quarry LP bought a new stake in shares of Amentum in the first quarter valued at about $30,000. Signaturefd LLC lifted its stake in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after buying an additional 916 shares during the period. GAMMA Investing LLC lifted its stake in shares of Amentum by 78.8% in the first quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock valued at $57,000 after buying an additional 1,383 shares during the period. UMB Bank n.a. lifted its stake in shares of Amentum by 11.6% in the second quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock valued at $97,000 after buying an additional 430 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Amentum by 195.2% in the second quarter. Parallel Advisors LLC now owns 4,180 shares of the company’s stock valued at $99,000 after buying an additional 2,764 shares during the period. Institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 1.4%

Shares of AMTM opened at $22.35 on Monday. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47. The company has a 50-day moving average price of $24.13 and a two-hundred day moving average price of $22.78. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.44 billion and a price-to-earnings ratio of 57.31.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $3.51 billion. The business’s revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMTM shares. The Goldman Sachs Group increased their target price on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Truist Financial raised their price target on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Royal Bank Of Canada raised their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Finally, Morgan Stanley raised their price target on shares of Amentum from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, September 18th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.55.

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.