Comerica Bank Invests $1.03 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Comerica Bank acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, HoldingsChannel reports. The firm acquired 48,787 shares of the company’s stock, valued at approximately $1,026,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMTM. Vanguard Group Inc. raised its stake in Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock valued at $347,888,000 after acquiring an additional 2,529,173 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Amentum by 10,851.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company’s stock worth $310,978,000 after buying an additional 14,652,319 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Amentum by 77.6% during the fourth quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after buying an additional 6,055,638 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Amentum by 21.7% during the fourth quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company’s stock worth $134,894,000 after buying an additional 1,143,097 shares in the last quarter. Finally, Cooper Creek Partners Management LLC lifted its holdings in shares of Amentum by 396.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,157,034 shares of the company’s stock worth $87,422,000 after buying an additional 3,319,364 shares in the last quarter. Institutional investors own 39.93% of the company’s stock.

Insider Activity at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven J. Demetriou purchased 100,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $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 currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMTM. Cantor Fitzgerald raised Amentum to a “hold” rating in a report on Tuesday, February 25th. BTIG Research assumed coverage on Amentum in a report on Tuesday, April 15th. They set a “buy” rating and a $30.00 target price for the company. Morgan Stanley assumed coverage on Amentum in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group assumed coverage on Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.38.

Amentum Trading Up 0.6%

Amentum stock opened at $21.34 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $34.47. The stock has a fifty day moving average of $19.18 and a 200-day moving average of $21.75.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Equities research analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.