Ruane Cunniff & Goldfarb L.P. Has $69.43 Million Position in Amentum Holdings, Inc. $AMTM

Ruane Cunniff & Goldfarb L.P. lowered its position in Amentum Holdings, Inc. (NYSE:AMTM) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,394,129 shares of the company’s stock after selling 29,619 shares during the quarter. Amentum accounts for approximately 1.1% of Ruane Cunniff & Goldfarb L.P.’s portfolio, making the stock its 20th biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Amentum were worth $69,430,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after acquiring an additional 2,539,594 shares during the last quarter. Primecap Management Co. CA lifted its stake in Amentum by 1.7% in the fourth quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock valued at $351,681,000 after acquiring an additional 208,341 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Amentum in the fourth quarter valued at $284,614,000. State Street Corp lifted its stake in Amentum by 7.6% in the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after acquiring an additional 501,898 shares during the last quarter. Finally, Norges Bank acquired a new stake in Amentum in the fourth quarter valued at $66,529,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Performance

Shares of AMTM stock opened at $22.83 on Friday. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 0.64 and a beta of 0.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The company has a 50-day simple moving average of $24.81 and a 200 day simple moving average of $28.61. Amentum Holdings, Inc. has a 52 week low of $21.11 and a 52 week high of $38.11.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. Amentum’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Amentum in a report on Monday, April 13th. Royal Bank Of Canada reduced their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. BTIG Research reaffirmed a “buy” rating and set a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. Finally, Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.