Amentum Holdings, Inc. (NYSE:AMTM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,420,967 shares of the company’s stock after selling 10,008 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amentum were worth $52,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Amentum during the third quarter worth approximately $790,000. Wharton Business Group LLC acquired a new stake in Amentum during the third quarter worth approximately $2,106,000. JPMorgan Chase & Co. acquired a new stake in Amentum during the third quarter worth approximately $8,739,000. Peak Asset Management LLC acquired a new stake in Amentum during the third quarter worth approximately $774,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Amentum during the fourth quarter worth approximately $409,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Down 3.2 %

Shares of Amentum stock opened at $19.84 on Friday. The firm has a fifty day simple moving average of $21.80. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Equities analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

AMTM has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of Amentum in a report on Friday, February 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a report on Thursday, February 6th. Finally, Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the 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.