Amentum Holdings, Inc. (NYSE:AMTM) Shares Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 757.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company’s stock after purchasing an additional 53,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Amentum were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMTM. Arrow Financial Corp acquired a new stake in Amentum in the third quarter valued at $26,000. US Bancorp DE bought a new stake in Amentum during the third quarter valued at $30,000. Anchor Investment Management LLC bought a new stake in Amentum during the third quarter valued at $32,000. Signaturefd LLC bought a new stake in Amentum during the third quarter valued at $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in Amentum during the third quarter valued at $35,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 18.67% of the company’s stock.

Amentum Stock Performance

Amentum stock opened at $19.82 on Monday. The business’s 50-day moving average price is $21.67. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.57. Amentum Holdings, Inc. has a one year low of $18.38 and a one year high of $34.50.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share 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.