SG Americas Securities LLC Raises Holdings in Amentum Holdings, Inc. $AMTM

SG Americas Securities LLC increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 268.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,064 shares of the company’s stock after purchasing an additional 21,182 shares during the period. SG Americas Securities LLC’s holdings in Amentum were worth $696,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Amentum by 13.9% during the 2nd quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock valued at $462,219,000 after buying an additional 2,386,131 shares during the period. Norges Bank bought a new stake in shares of Amentum during the 2nd quarter valued at about $51,015,000. Primecap Management Co. CA grew its stake in Amentum by 19.6% during the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after buying an additional 1,969,067 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Amentum by 52.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock valued at $128,928,000 after purchasing an additional 1,882,011 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Amentum in the 2nd quarter worth approximately $32,576,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Up 0.7%

Shares of AMTM opened at $34.62 on Thursday. Amentum Holdings, Inc. has a 52 week low of $16.01 and a 52 week high of $35.17. The firm has a market capitalization of $8.44 billion, a P/E ratio of 128.24, a P/E/G ratio of 1.01 and a beta of -0.01. The company has a 50-day simple moving average of $29.47 and a 200-day simple moving average of $25.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, beating 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. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

AMTM has been the subject of a number of research analyst reports. BTIG Research upped their price target on shares of Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. JMP Securities set a $35.00 target price on shares of Amentum in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Bank of America raised their price objective on Amentum from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, December 31st. Finally, Wall Street Zen cut Amentum from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.50.

Amentum 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.