Caitong International Asset Management Co. Ltd Raises Stock Holdings in Amentum Holdings, Inc. $AMTM

Caitong International Asset Management Co. Ltd increased its position in Amentum Holdings, Inc. (NYSE:AMTM) by 1,517.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,520 shares of the company’s stock after purchasing an additional 1,426 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Amentum were worth $36,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Amentum in the first quarter worth $5,238,000. Principal Financial Group Inc. grew its stake in shares of Amentum by 18.3% in the first quarter. Principal Financial Group Inc. now owns 712,172 shares of the company’s stock worth $12,962,000 after acquiring an additional 110,123 shares during the last quarter. Amalgamated Bank grew its stake in shares of Amentum by 12.3% in the first quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock worth $789,000 after acquiring an additional 4,756 shares during the last quarter. KBC Group NV grew its stake in shares of Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company’s stock worth $134,000 after acquiring an additional 918 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Amentum in the first quarter worth $615,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Trading Down 2.7%

Amentum stock opened at $22.54 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum Holdings, Inc. has a one year low of $16.01 and a one year high of $34.47. The stock has a market capitalization of $5.48 billion and a PE ratio of 57.79. The business’s fifty day moving average is $23.84 and its 200 day moving average is $22.99.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. The firm’s revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Ratings Changes

AMTM has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Amentum in a research note on Friday. Cantor Fitzgerald raised Amentum from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $35.00 in a research note on Thursday, September 25th. Truist Financial increased their price objective on Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group increased their price objective on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.55.

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.