Janney Capital Management LLC Invests $211,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Janney Capital Management LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, HoldingsChannel reports. The fund acquired 10,039 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arrow Financial Corp purchased a new stake in Amentum during the 3rd quarter valued at $26,000. US Bancorp DE bought a new stake in shares of Amentum in the third quarter worth $30,000. Anchor Investment Management LLC purchased a new stake in Amentum during the third quarter valued at $32,000. Signaturefd LLC bought a new position in Amentum in the third quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC purchased a new position in Amentum in the third quarter worth about $35,000. Institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

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

Amentum Price Performance

Amentum stock opened at $23.14 on Thursday. Amentum Holdings, Inc. has a 12-month low of $18.38 and a 12-month high of $34.50. The business has a 50 day moving average price of $22.70. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02.

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

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.