Amentum Holdings, Inc. (NYSE:AMTM) Stake Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 171.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,200 shares of the company’s stock after purchasing an additional 18,450 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Amentum were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AMTM. Arrow Financial Corp purchased a new position in Amentum during the 3rd quarter valued at about $26,000. US Bancorp DE purchased a new position in Amentum during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in Amentum during the 3rd quarter valued at about $32,000. Glen Eagle Advisors LLC purchased a new position in Amentum during the 3rd quarter valued at about $35,000. Finally, IFP Advisors Inc grew its stake in Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after acquiring an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased 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 in the company, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the insider now owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AMTM shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, Raymond James started coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company.

Amentum Trading Up 2.1 %

Shares of Amentum stock opened at $19.64 on Monday. The firm’s 50-day moving average price is $21.28. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. 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 (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Amentum 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.