US Bancorp DE Acquires 27,002 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

US Bancorp DE raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2,872.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,942 shares of the company’s stock after purchasing an additional 27,002 shares during the quarter. US Bancorp DE’s holdings in Amentum were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFP Advisors Inc increased its stake in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Amentum during the 3rd quarter worth $32,000. Glen Eagle Advisors LLC purchased a new position in Amentum during the 3rd quarter worth $35,000. Studio Investment Management LLC purchased a new position in Amentum during the 3rd quarter worth $42,000. Finally, GAMMA Investing LLC boosted its holdings in Amentum by 333.1% during the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock worth $37,000 after acquiring an additional 1,349 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Insider Transactions at Amentum

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

Amentum Stock Down 8.1 %

Shares of AMTM opened at $17.06 on Wednesday. The company has a 50 day moving average of $21.08. 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 1-year low of $16.95 and a 1-year high of $34.47.

Amentum (NYSE:AMTM) last announced its earnings results 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. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMTM. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th. Finally, Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the 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.