Charles Schwab Investment Management Inc. Grows Position in Amentum Holdings, Inc. (NYSE:AMTM)

Charles Schwab Investment Management Inc. raised its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 66.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,264,257 shares of the company’s stock after buying an additional 503,741 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.52% of Amentum worth $26,587,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in Amentum during the fourth quarter worth about $778,000. US Bancorp DE boosted its stake in Amentum by 2,872.6% during the fourth quarter. US Bancorp DE now owns 27,942 shares of the company’s stock worth $588,000 after buying an additional 27,002 shares during the period. Mutual of America Capital Management LLC purchased a new position in Amentum during the fourth quarter worth about $395,000. Hahn Capital Management LLC boosted its stake in Amentum by 47.9% during the fourth quarter. Hahn Capital Management LLC now owns 77,322 shares of the company’s stock worth $1,626,000 after buying an additional 25,036 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Amentum during the fourth quarter worth about $1,504,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Up 5.7 %

NYSE:AMTM opened at $18.91 on Tuesday. The firm has a fifty day moving average price of $20.79. Amentum Holdings, Inc. has a 1-year low of $16.95 and a 1-year high of $34.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

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

Insider Transactions at Amentum

In other news, Director Barbara Loughran bought 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMTM. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Finally, Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock.

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.