Jefferies Financial Group Inc. Acquires Shares of 11,830 Amentum Holdings, Inc. (NYSE:AMTM)

Jefferies Financial Group Inc. acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,830 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its position in Amentum by 9.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company’s stock valued at $164,000 after purchasing an additional 675 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Amentum by 22.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,978 shares of the company’s stock valued at $84,000 after purchasing an additional 730 shares during the last quarter. IFP Advisors Inc raised its position in 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 last quarter. Huntington National Bank bought a new stake in shares of Amentum during the fourth quarter worth $30,000. Finally, Captrust Financial Advisors lifted its stake in shares of Amentum by 5.9% during the fourth quarter. Captrust Financial Advisors now owns 25,856 shares of the company’s stock valued at $544,000 after acquiring an additional 1,445 shares during the period. Institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BTIG Research assumed coverage on Amentum in a report on Tuesday, April 15th. They issued a “buy” rating and a $30.00 price target on the stock. Citizens Jmp assumed coverage on Amentum in a report on Monday, May 12th. They issued an “outperform” rating and a $30.00 price target on the stock. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a report on Tuesday, February 25th. Truist Financial decreased their price target on Amentum from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Amentum currently has a consensus rating of “Hold” and a consensus price target of $25.38.

Amentum Price Performance

Shares of NYSE AMTM opened at $21.86 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 12 month low of $16.01 and a 12 month high of $34.47. The stock has a 50 day moving average of $19.41 and a 200-day moving average of $21.56.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, equities analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Amentum

In other news, Director Barbara Loughran purchased 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired 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 approximately $97,658. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.67% of the stock is currently owned by corporate insiders.

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.