Rhumbline Advisers Increases Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Rhumbline Advisers increased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 33.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,184 shares of the company’s stock after buying an additional 73,326 shares during the quarter. Rhumbline Advisers owned about 0.12% of Amentum worth $6,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMTM. State Street Corp acquired a new position in shares of Amentum during the 3rd quarter valued at about $236,306,000. Primecap Management Co. CA acquired a new position in Amentum during the third quarter worth approximately $169,999,000. Geode Capital Management LLC purchased a new position in Amentum during the third quarter worth approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new position in shares of Amentum in the 3rd quarter valued at $81,608,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Amentum during the 3rd quarter valued at $39,613,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMTM has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday. Finally, Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock.

Amentum Stock Down 1.1 %

Shares of Amentum stock opened at $19.90 on Thursday. The business’s fifty day simple moving average is $21.26. 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 twelve month low of $18.38 and a twelve month high of $34.50.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amentum

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

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.