Intact Investment Management Inc. Buys 5,440 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Intact Investment Management Inc. grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 124.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,800 shares of the company’s stock after buying an additional 5,440 shares during the quarter. Intact Investment Management Inc.’s holdings in Amentum were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp bought a new stake in shares of Amentum during the third quarter worth $236,306,000. Primecap Management Co. CA acquired a new position in shares of Amentum during the third quarter worth $169,999,000. Geode Capital Management LLC acquired a new position in shares of Amentum during the third quarter worth $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new position in shares of Amentum during the third quarter worth $81,608,000. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Amentum by 469.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company’s stock worth $40,981,000 after purchasing an additional 1,606,442 shares during the period. Institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMTM. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. 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. Finally, Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock.

Amentum Stock Performance

AMTM stock opened at $17.94 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12-month low of $16.95 and a 12-month high of $34.47. The firm has a fifty day moving average price of $20.79.

Amentum (NYSE:AMTM) last announced its quarterly earnings data 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. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Insider Activity

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

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.