Corient Private Wealth LLC Acquires 36,778 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Corient Private Wealth LLC boosted its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 102.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 72,783 shares of the company’s stock after purchasing an additional 36,778 shares during the quarter. Corient Private Wealth LLC’s holdings in Amentum were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new stake in Amentum in the third quarter worth about $32,000. Glen Eagle Advisors LLC bought a new position in shares of Amentum in the 3rd quarter worth approximately $35,000. IFP Advisors Inc lifted its stake in shares of Amentum by 119.2% in the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after purchasing an additional 833 shares during the period. Asset Planning Inc bought a new stake in shares of Amentum during the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC raised its holdings in Amentum by 333.1% in the fourth quarter. GAMMA Investing LLC now owns 1,754 shares of the company’s stock worth $37,000 after purchasing an additional 1,349 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.20.

Insider Activity at Amentum

In other Amentum news, insider Steven J. Demetriou acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the completion of the acquisition, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Loughran bought 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by insiders.

Amentum Trading Up 0.5 %

NYSE:AMTM opened at $18.77 on Wednesday. Amentum Holdings, Inc. has a 52 week low of $16.95 and a 52 week high of $34.47. The firm’s 50 day moving average price is $20.27. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Amentum Company 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.