Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 32.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,236 shares of the company’s stock after selling 5,981 shares during the quarter. CIBC Asset Management Inc’s holdings in Amentum were worth $257,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Arrow Financial Corp acquired a new stake in Amentum during the third quarter worth about $26,000. US Bancorp DE purchased a new stake in shares of Amentum in the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $32,000. Signaturefd LLC acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMTM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Raymond James started coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Finally, Cantor Fitzgerald began coverage on shares of Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective on the stock.

Insiders Place Their Bets

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

Amentum Stock Performance

NYSE:AMTM opened at $19.79 on Tuesday. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s fifty day moving average price is $21.30.

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 analysts’ consensus estimates of $0.45 by $0.06. Equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.