Public Employees Retirement System of Ohio acquired a new stake in Amentum Holdings, Inc. (NYSE:AMTM – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,464 shares of the company’s stock, valued at approximately $940,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMTM. Los Angeles Capital Management LLC acquired a new stake in Amentum during the 4th quarter worth approximately $26,000. Global Retirement Partners LLC acquired a new stake in shares of Amentum during the second quarter worth $31,000. Western Wealth Management LLC acquired a new stake in shares of Amentum during the first quarter worth $33,000. NFSG Corp purchased a new position in Amentum in the 1st quarter valued at $35,000. Finally, Smartleaf Asset Management LLC grew its position in Amentum by 433.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after buying an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.
Amentum Stock Performance
NYSE:AMTM opened at $19.34 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum Holdings, Inc. has a fifty-two week low of $19.27 and a fifty-two week high of $38.11. The stock has a market cap of $4.73 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.58 and a beta of 0.26. The firm’s fifty day simple moving average is $21.41 and its 200-day simple moving average is $23.99.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on AMTM shares. JPMorgan Chase & Co. reduced their target price on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a research report on Tuesday, August 11th. UBS Group lifted their price objective on Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. BNP Paribas Exane began coverage on Amentum in a research report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 target price on the stock. Finally, Zacks Research cut Amentum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.18.
Check Out Our Latest Report on AMTM
About Amentum
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.
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