Amentum Holdings, Inc. $AMTM Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its position in Amentum Holdings, Inc. (NYSE:AMTM) by 75.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 765,677 shares of the company’s stock after selling 2,302,481 shares during the quarter. Van ECK Associates Corp owned about 0.31% of Amentum worth $18,338,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new stake in Amentum in the 2nd quarter valued at $25,000. Blue Trust Inc. boosted its stake in Amentum by 116.5% during the 3rd quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after purchasing an additional 648 shares during the period. Mather Group LLC. purchased a new position in Amentum during the 3rd quarter worth $32,000. Smartleaf Asset Management LLC increased its stake in Amentum by 433.5% in the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after purchasing an additional 1,474 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in Amentum in the third quarter valued at $45,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Stock Performance

Shares of AMTM stock traded down $0.46 during mid-day trading on Friday, hitting $27.54. The stock had a trading volume of 298,321 shares, compared to its average volume of 2,173,932. The firm has a market cap of $6.72 billion, a PE ratio of 68.91, a PEG ratio of 0.82 and a beta of 0.23. The company’s 50-day simple moving average is $32.64 and its 200-day simple moving average is $27.76. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.42. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $38.11.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.32 billion. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMTM shares. Bank of America increased their target price on shares of Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 31st. Morgan Stanley upgraded Amentum from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $20.00 to $35.00 in a research report on Wednesday, November 26th. Citigroup reaffirmed an “outperform” rating on shares of Amentum in a research note on Monday, January 12th. Royal Bank Of Canada increased their price objective on Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.91.

Amentum Company 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.