Wellington Management Group LLP Buys 1,398,143 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Wellington Management Group LLP raised its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 149.5% during the fourth quarter, HoldingsChannel reports. The fund owned 2,333,221 shares of the company’s stock after acquiring an additional 1,398,143 shares during the quarter. Wellington Management Group LLP’s holdings in Amentum were worth $49,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC grew its holdings in Amentum by 9.7% during 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. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Amentum in the fourth quarter worth approximately $1,513,000. Norges Bank purchased a new stake in shares of Amentum in the fourth quarter worth approximately $30,286,000. Blair William & Co. IL lifted its stake in shares of Amentum by 91.7% during the 4th quarter. Blair William & Co. IL now owns 56,419 shares of the company’s stock worth $1,186,000 after acquiring an additional 26,982 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Amentum during the 4th quarter valued at $1,362,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Down 5.0 %

NYSE:AMTM opened at $17.39 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. Amentum Holdings, Inc. has a 1-year low of $16.90 and a 1-year high of $34.47. The business has a 50-day simple moving average of $19.55.

Amentum (NYSE:AMTM) last announced its quarterly earnings results 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 expect that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

AMTM has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They set a “neutral” rating and a $21.00 target price for the company. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amentum has a consensus rating of “Hold” and an average target price of $26.20.

Insider Activity

In other news, insider Steven J. Demetriou acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares in the company, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Loughran bought 4,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares of the company’s stock, valued at $97,658. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.67% of the company’s stock.

Amentum 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.