First Bank & Trust Acquires New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

First Bank & Trust acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,372 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMTM. State Street Corp acquired a new position in Amentum during the 3rd quarter worth $236,306,000. Primecap Management Co. CA acquired a new position in Amentum during the 3rd quarter worth $169,999,000. Geode Capital Management LLC acquired a new position in Amentum during the 3rd quarter worth $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new position in Amentum during the 3rd quarter worth $81,608,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Amentum during the 3rd quarter worth $39,613,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Insider Transactions at Amentum

In related news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The stock was acquired 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 in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the acquisition, the director now owns 4,600 shares of the company’s stock, valued at $97,658. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AMTM. Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Raymond James initiated coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on Amentum in a research note on Friday, February 7th. They issued a “neutral” rating and a $25.00 price objective on the stock.

Amentum Price Performance

AMTM opened at $20.74 on Friday. Amentum Holdings, Inc. has a one year low of $18.38 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a fifty day moving average price of $21.44.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal 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.