UMB Bank n.a. Purchases Shares of 8,096 Amentum Holdings, Inc. (NYSE:AMTM)

UMB Bank n.a. acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,096 shares of the company’s stock, valued at approximately $170,000.

Other hedge funds have also recently made changes to their positions in the company. Arrow Financial Corp bought a new position in Amentum in the third quarter worth about $26,000. US Bancorp DE bought a new position in shares of Amentum in the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $32,000. Signaturefd LLC bought a new stake in shares of Amentum during the third quarter valued at approximately $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in Amentum in the third quarter worth $35,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Truist Financial assumed coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of Amentum in a report on Friday, January 10th. They issued a “sector perform” rating and a $24.00 price objective on the stock. Finally, Raymond James started coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company.

Amentum Stock Down 6.2 %

AMTM opened at $21.69 on Friday. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The stock has a 50-day moving average of $22.70. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, December 16th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. As a group, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

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.