Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,490 shares of the company’s stock after selling 768 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Amentum were worth $557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in Amentum by 22.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock valued at $84,000 after acquiring an additional 730 shares during the period. IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 833 shares during the period. Anchor Investment Management LLC purchased a new stake in Amentum during the 3rd quarter worth about $32,000. Glen Eagle Advisors LLC bought a new position in Amentum in the 3rd quarter worth about $35,000. Finally, GAMMA Investing LLC grew its holdings in Amentum by 333.1% during the 4th quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock valued at $37,000 after buying an additional 1,349 shares in the last quarter. 39.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Loughran purchased 4,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now directly 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. Corporate insiders own 18.67% of the company’s stock.

Amentum Stock Down 1.4 %

Shares of AMTM opened at $18.48 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1-year low of $16.95 and a 1-year high of $34.47. The company has a 50 day moving average of $20.17.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. On average, sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMTM. The Goldman Sachs Group assumed coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price target on the stock. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.20.

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.