Janney Capital Management LLC Purchases New Position in Amentum Holdings, Inc. (NYSE:AMTM)

Janney Capital Management LLC purchased a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,039 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arrow Financial Corp bought a new position in shares of Amentum in the 3rd quarter worth approximately $26,000. US Bancorp DE purchased a new stake in Amentum in the third quarter worth $30,000. Anchor Investment Management LLC bought a new position in Amentum in the third quarter worth $32,000. Signaturefd LLC purchased a new position in Amentum during the third quarter valued at $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in shares of Amentum during the 3rd quarter valued at $35,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMTM has been the subject of a number of recent research reports. Truist Financial began coverage on shares of Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price target for the company. Raymond James began coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Royal Bank of Canada initiated coverage on Amentum in a research report on Friday, January 10th. They set a “sector perform” rating and a $24.00 price objective for the company.

Amentum Price Performance

Shares of AMTM stock opened at $23.14 on Thursday. 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 one year low of $18.38 and a one year high of $34.50. The company’s 50-day moving average price is $22.70.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, December 16th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. Analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current 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.