National Pension Service Makes New $327,000 Investment in Amentum Holdings, Inc. (NYSE:AMTM)

National Pension Service acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,555 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds have also recently added to or reduced their stakes in AMTM. Private Advisor Group LLC bought a new stake in Amentum during the 3rd quarter worth about $433,000. Louisiana State Employees Retirement System acquired a new position in Amentum during the 3rd quarter valued at about $226,000. State of Alaska Department of Revenue acquired a new position in Amentum during the 3rd quarter valued at about $701,000. Nisa Investment Advisors LLC acquired a new position in Amentum during the 3rd quarter valued at about $1,154,000. Finally, New York State Teachers Retirement System acquired a new position in Amentum during the 3rd quarter valued at about $3,745,000. Institutional investors own 39.93% of the company’s stock.

Insider Transactions at Amentum

In other Amentum news, Director Barbara Loughran purchased 4,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the purchase, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Amentum Stock Performance

Shares of AMTM stock opened at $19.64 on Friday. 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 business’s 50 day moving average is $21.28. Amentum Holdings, Inc. has a 52 week low of $18.38 and a 52 week high of $34.50.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMTM. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Finally, Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock.

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.