Arrowstreet Capital Limited Partnership Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Arrowstreet Capital Limited Partnership acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 71,946 shares of the company’s stock, valued at approximately $1,513,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Amentum by 22.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock worth $84,000 after acquiring an additional 730 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after purchasing an additional 833 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Amentum during the third quarter worth $32,000. GAMMA Investing LLC lifted its holdings in Amentum by 333.1% in the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock valued at $37,000 after buying an additional 1,349 shares during the period. Finally, Asset Planning Inc bought a new stake in Amentum during the fourth quarter valued at $36,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMTM has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald raised Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group began coverage on shares of Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Amentum presently has a consensus rating of “Hold” and a consensus price target of $26.20.

Amentum Stock Performance

AMTM opened at $18.12 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 fifty-two week low of $16.01 and a fifty-two week high of $34.47. The stock has a 50-day simple moving average of $19.11.

Amentum (NYSE:AMTM) last released its quarterly 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. As a group, research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Transactions at Amentum

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

About Amentum

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.