Washington Trust Advisors Inc. Has $1.69 Million Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Washington Trust Advisors Inc. lessened its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 37.4% in the 4th quarter, HoldingsChannel reports. The fund owned 80,240 shares of the company’s stock after selling 47,958 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Amentum were worth $1,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp acquired a new stake in Amentum in the 3rd quarter valued at about $236,306,000. Primecap Management Co. CA acquired a new stake in Amentum in the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC acquired a new stake in Amentum in the 3rd quarter valued at about $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum in the 3rd quarter valued at about $81,608,000. Finally, Charles Schwab Investment Management Inc. increased its position in Amentum by 66.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,264,257 shares of the company’s stock valued at $26,587,000 after acquiring an additional 503,741 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Up 3.3 %

Shares of NYSE AMTM opened at $19.34 on Thursday. 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 Holdings, Inc. has a 1 year low of $17.82 and a 1 year high of $34.47. The company has a 50-day simple moving average of $21.22.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, analysts predict that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMTM. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Finally, Raymond James began coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock.

Insider Buying and Selling

In related news, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares of the company’s stock, valued at approximately $97,658. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, for a total transaction of $2,081,000.00. Following the completion of the acquisition, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This trade represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. 18.67% of the stock is owned by 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.