Ruane Cunniff & Goldfarb L.P. Sells 771,147 Shares of Amentum Holdings, Inc. $AMTM

Ruane Cunniff & Goldfarb L.P. trimmed its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 32.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,622,982 shares of the company’s stock after selling 771,147 shares during the quarter. Amentum accounts for 0.7% of Ruane Cunniff & Goldfarb L.P.’s investment portfolio, making the stock its 23rd largest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Amentum were worth $42,327,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMTM. IFM Investors Pty Ltd acquired a new position in Amentum during the first quarter worth $411,000. Cetera Investment Advisers acquired a new position in shares of Amentum during the second quarter valued at about $335,000. JPMorgan Chase & Co. increased its position in shares of Amentum by 4.1% during the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after acquiring an additional 3,608 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Amentum during the second quarter worth about $241,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Amentum in the 2nd quarter worth about $592,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Price Performance

Shares of NYSE AMTM opened at $22.94 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. Amentum Holdings, Inc. has a fifty-two week low of $19.80 and a fifty-two week high of $38.11. The stock has a market cap of $5.60 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 0.66 and a beta of 0.35. The stock has a fifty day moving average of $21.86 and a 200-day moving average of $26.83.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts anticipate that Amentum Holdings, Inc. will post 2.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMTM has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley began coverage on Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price objective for the company. Royal Bank Of Canada dropped their target price on Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. BTIG Research reaffirmed a “buy” rating and set a $35.00 target price on shares of Amentum in a research report on Thursday, May 14th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

Amentum Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.