Chevy Chase Trust Holdings LLC Makes New $2.17 Million Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Chevy Chase Trust Holdings LLC acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 67,201 shares of the company’s stock, valued at approximately $2,167,000.

Several other hedge funds have also modified their holdings of AMTM. Arrow Financial Corp acquired a new stake in shares of Amentum in the third quarter valued at $26,000. US Bancorp DE acquired a new stake in shares of Amentum in the third quarter valued at $30,000. Signaturefd LLC acquired a new stake in shares of Amentum in the third quarter valued at $33,000. HM Payson & Co. acquired a new stake in shares of Amentum in the third quarter valued at $38,000. Finally, Studio Investment Management LLC acquired a new stake in shares of Amentum in the third quarter valued at $42,000.

Amentum Stock Up 0.7 %

Amentum stock opened at $23.17 on Friday. Amentum Holdings, Inc. has a 1-year low of $21.24 and a 1-year high of $34.50.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMTM. Raymond James began coverage on 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 Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 price target on the stock.

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.