24,000 Shares in Amentum Holdings, Inc. $AMTM Bought by Carlson Capital L.P.

Carlson Capital L.P. acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 24,000 shares of the company’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMTM. Atlantic Union Bankshares Corp acquired a new stake in shares of Amentum in the 2nd quarter valued at about $25,000. Blue Trust Inc. grew its holdings in shares of Amentum by 116.5% during the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after buying an additional 648 shares in the last quarter. Mather Group LLC. acquired a new stake in Amentum in the 3rd quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd lifted its stake in Amentum by 1,517.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock valued at $36,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Amentum by 433.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after acquiring an additional 1,474 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of AMTM opened at $37.58 on Friday. The company has a market cap of $9.16 billion, a PE ratio of 139.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.01. The firm has a 50-day moving average of $32.02 and a 200-day moving average of $26.85. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $38.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMTM. JPMorgan Chase & Co. raised their price target on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Truist Financial raised their target price on shares of Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of Amentum from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Bank of America boosted their price target on shares of Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 31st. Finally, JMP Securities set a $35.00 price objective on Amentum in a report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.50.

Amentum Profile

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.