KBC Group NV Sells 6,415 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

KBC Group NV lessened its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,421 shares of the company’s stock after selling 6,415 shares during the period. KBC Group NV’s holdings in Amentum were worth $135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Amentum in the third quarter valued at about $790,000. Wharton Business Group LLC bought a new position in Amentum in the 3rd quarter valued at about $2,106,000. JPMorgan Chase & Co. acquired a new position in shares of Amentum in the 3rd quarter valued at approximately $8,739,000. Peak Asset Management LLC bought a new stake in shares of Amentum during the 3rd quarter worth approximately $774,000. Finally, Tower Bridge Advisors acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $4,053,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Stock Performance

Shares of Amentum stock opened at $22.80 on Friday. The company has a 50 day moving average of $22.04. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $34.50.

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

Analysts Set New Price Targets

AMTM has been the subject of several research analyst reports. 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 objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday. Finally, Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective on the stock.

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.