New York State Teachers Retirement System boosted its position in Amentum Holdings, Inc. (NYSE:AMTM – Free Report) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,057 shares of the company’s stock after acquiring an additional 25,139 shares during the period. New York State Teachers Retirement System owned 0.07% of Amentum worth $4,816,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in Amentum by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,805,411 shares of the company’s stock worth $43,240,000 after acquiring an additional 118,306 shares during the last quarter. Lingohr Asset Management GmbH grew its holdings in Amentum by 1,650.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 175,000 shares of the company’s stock worth $4,191,000 after acquiring an additional 165,000 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Amentum by 16.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 597,976 shares of the company’s stock worth $14,322,000 after acquiring an additional 83,804 shares during the last quarter. Brightline Capital Management LLC grew its holdings in Amentum by 20.0% in the 3rd quarter. Brightline Capital Management LLC now owns 1,200,000 shares of the company’s stock worth $28,740,000 after acquiring an additional 200,000 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Amentum by 1,088.2% in the 4th quarter. SG Americas Securities LLC now owns 345,341 shares of the company’s stock worth $10,015,000 after acquiring an additional 316,277 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.
Amentum Stock Up 2.5%
Shares of Amentum stock opened at $24.92 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $6.08 billion, a PE ratio of 62.31, a price-to-earnings-growth ratio of 0.71 and a beta of 0.43. Amentum Holdings, Inc. has a 52-week low of $19.11 and a 52-week high of $38.11. The company has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $28.54.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on AMTM shares. Citigroup reissued an “outperform” rating on shares of Amentum in a report on Monday, January 12th. Royal Bank Of Canada raised their target price on shares of Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 11th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price on shares of Amentum in a research report on Wednesday, February 11th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Amentum in a research report on Monday, April 13th. Finally, UBS Group raised their target price on shares of Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.91.
Get Our Latest Analysis on Amentum
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.
Further Reading
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