Bessemer Group Inc. Increases Position in Amentum Holdings, Inc. $AMTM

Bessemer Group Inc. increased its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 7,142.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 125,952 shares of the company’s stock after buying an additional 124,213 shares during the period. Bessemer Group Inc.’s holdings in Amentum were worth $3,284,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in Amentum by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after acquiring an additional 425 shares during the period. Maryland State Retirement & Pension System boosted its position in Amentum by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock worth $867,000 after purchasing an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Amentum by 35.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after purchasing an additional 481 shares during the period. BCS Private Wealth Management Inc. grew its stake in Amentum by 5.0% in the 4th quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after purchasing an additional 575 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Amentum by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after purchasing an additional 600 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMTM has been the topic of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and set a $35.00 target price on shares of Amentum in a research note on Thursday, May 14th. Morgan Stanley started coverage on shares of Amentum in a research report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price target for the company. Citizens Jmp restated a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a report on Monday, April 13th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada dropped their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.00.

Amentum Stock Performance

Amentum stock opened at $20.96 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The firm’s fifty day moving average price is $21.94 and its 200-day moving average price is $27.07. Amentum Holdings, Inc. has a fifty-two week low of $19.80 and a fifty-two week high of $38.11. The stock has a market cap of $5.12 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 0.62 and a beta of 0.35.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts expect that Amentum Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

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.