Primecap Management Co. CA Has $134.89 Million Stock Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Primecap Management Co. CA grew its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 21.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,414,379 shares of the company’s stock after acquiring an additional 1,143,097 shares during the quarter. Primecap Management Co. CA owned about 2.64% of Amentum worth $134,894,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE bought a new stake in Amentum during the third quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in shares of Amentum in the 3rd quarter valued at approximately $32,000. Glen Eagle Advisors LLC bought a new stake in shares of Amentum during the 3rd quarter worth approximately $35,000. Studio Investment Management LLC acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $42,000. Finally, Wiser Advisor Group LLC bought a new position in Amentum in the third quarter valued at approximately $49,000. 39.93% of the stock is owned by institutional investors and hedge funds.

Amentum Trading Down 1.5 %

Shares of NYSE:AMTM opened at $18.55 on Wednesday. Amentum Holdings, Inc. has a 52-week low of $16.95 and a 52-week high of $34.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. The business’s fifty day moving average is $20.64.

Amentum (NYSE:AMTM) last issued its earnings results 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. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Activity at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou bought 100,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $20.81 per share, for a total transaction 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 disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMTM shares. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Raymond James assumed coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research report on Tuesday, February 25th.

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.