Fifth Third Bancorp Acquires 270,727 Shares of Amentum Holdings, Inc. $AMTM

Fifth Third Bancorp boosted its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 10,456.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,316 shares of the company’s stock after buying an additional 270,727 shares during the period. Fifth Third Bancorp’s holdings in Amentum were worth $7,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in Amentum during the 4th quarter valued at $26,000. Financial Consulate Inc. purchased a new position in shares of Amentum in the fourth quarter valued at $38,000. Sound Income Strategies LLC raised its stake in shares of Amentum by 45.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after purchasing an additional 425 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Amentum by 98.6% during the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after purchasing an additional 648 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Amentum by 433.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after purchasing an additional 1,474 shares in the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Trading Up 0.1%

Shares of AMTM stock opened at $20.77 on Friday. The company has a market capitalization of $5.07 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.35. Amentum Holdings, Inc. has a 52-week low of $19.80 and a 52-week high of $38.11. The business’s fifty day moving average is $22.13 and its 200 day moving average is $27.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.36 EPS for the current fiscal year.

Analyst Ratings Changes

AMTM has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Wall Street Zen cut Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Truist Financial reissued a “buy” rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Royal Bank Of Canada cut their price objective on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Amentum in a research note on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Amentum has a consensus rating of “Hold” and an average price target of $32.00.

Amentum 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.