IFP Advisors Inc Acquires 833 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

IFP Advisors Inc boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 119.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,532 shares of the company’s stock after acquiring an additional 833 shares during the period. IFP Advisors Inc’s holdings in Amentum were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMTM. US Bancorp DE bought a new stake in Amentum in the 3rd quarter valued at $30,000. Janney Montgomery Scott LLC acquired a new position in Amentum in the 3rd quarter valued at $2,178,000. Harbor Capital Advisors Inc. acquired a new position in Amentum in the 3rd quarter valued at $43,000. Robeco Institutional Asset Management B.V. acquired a new position in Amentum in the 3rd quarter valued at $1,337,000. Finally, Asset Management One Co. Ltd. acquired a new position in Amentum in the 3rd quarter valued at $2,476,000. Institutional investors own 39.93% of the company’s stock.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara Loughran bought 4,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired 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. 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 currently owned by insiders.

Amentum Price Performance

AMTM opened at $19.90 on Friday. Amentum Holdings, Inc. has a 52-week low of $17.82 and a 52-week high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock’s fifty day moving average is $21.17.

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

Analyst Ratings Changes

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

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.