Pictet Asset Management Holding SA Sells 29,908 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Pictet Asset Management Holding SA lessened its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 60.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,758 shares of the company’s stock after selling 29,908 shares during the period. Pictet Asset Management Holding SA’s holdings in Amentum were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp bought a new position in shares of Amentum in the 3rd quarter worth $236,306,000. Geode Capital Management LLC acquired a new stake in Amentum in the third quarter valued at $101,022,000. Vanguard Group Inc. raised its stake in Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company’s stock valued at $347,888,000 after buying an additional 2,529,173 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Amentum by 469.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948,684 shares of the company’s stock worth $40,981,000 after purchasing an additional 1,606,442 shares during the period. Finally, Norges Bank bought a new stake in shares of Amentum during the fourth quarter worth approximately $30,286,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amentum

In related news, Director Barbara Loughran bought 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, with a total value of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou bought 100,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald raised Amentum to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group began coverage on shares of Amentum in a report on Thursday, March 20th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.20.

Amentum Stock Performance

AMTM opened at $17.97 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average price is $19.22. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal 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.