Amentum Holdings, Inc. $AMTM Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 5.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 659,080 shares of the company’s stock after selling 34,697 shares during the period. New York State Common Retirement Fund’s holdings in Amentum were worth $15,785,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMTM. Vanguard Personalized Indexing Management LLC increased its stake in Amentum by 7.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,752 shares of the company’s stock valued at $384,000 after acquiring an additional 1,147 shares during the last quarter. Amalgamated Bank boosted its position in Amentum by 3.8% during the third quarter. Amalgamated Bank now owns 47,561 shares of the company’s stock worth $1,139,000 after purchasing an additional 1,726 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Amentum by 23.8% in the third quarter. Evergreen Capital Management LLC now owns 13,863 shares of the company’s stock worth $332,000 after purchasing an additional 2,667 shares during the period. BCS Private Wealth Management Inc. bought a new position in shares of Amentum during the 3rd quarter valued at about $274,000. Finally, New York State Teachers Retirement System increased its stake in shares of Amentum by 2.5% in the third quarter. New York State Teachers Retirement System now owns 140,918 shares of the company’s stock worth $3,375,000 after buying an additional 3,483 shares during the period. Institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AMTM has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Wall Street Zen raised Amentum from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. Truist Financial boosted their price target on shares of Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. JMP Securities set a $35.00 price target on shares of Amentum in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada upped their target price on shares of Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Amentum Stock Down 3.6%

AMTM stock opened at $35.78 on Monday. The company has a 50-day moving average of $31.23 and a two-hundred day moving average of $26.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 132.52, a price-to-earnings-growth ratio of 1.05 and a beta of -0.01. Amentum Holdings, Inc. has a 52-week low of $16.01 and a 52-week high of $37.94.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Amentum’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Amentum Company 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.