CenterBook Partners LP Buys Shares of 71,306 Amentum Holdings, Inc. (NYSE:AMTM)

CenterBook Partners LP purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, HoldingsChannel reports. The firm purchased 71,306 shares of the company’s stock, valued at approximately $1,500,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp acquired a new position in Amentum in the third quarter valued at about $236,306,000. Invesco Ltd. lifted its holdings in shares of Amentum by 77.6% in the 4th quarter. Invesco Ltd. now owns 13,856,239 shares of the company’s stock worth $291,397,000 after acquiring an additional 6,055,638 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Amentum during the 3rd quarter worth approximately $101,022,000. Vanguard Group Inc. increased its holdings in Amentum by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock valued at $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in Amentum by 469.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company’s stock valued at $40,981,000 after purchasing an additional 1,606,442 shares during the period. 39.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amentum news, insider Steven J. Demetriou purchased 100,000 shares of the 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 completion of the acquisition, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Loughran acquired 4,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares of the company’s stock, valued at $97,658. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. The Goldman Sachs Group began coverage on shares of Amentum in a research note on Thursday, March 20th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.20.

Amentum Stock Down 3.6 %

AMTM stock opened at $17.36 on Friday. The firm has a 50-day moving average of $19.16. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1 year low of $16.01 and a 1 year high of $34.47.

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