Crestwood Advisors Group LLC Boosts Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Crestwood Advisors Group LLC increased its stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,522 shares of the company’s stock after purchasing an additional 13,451 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Amentum were worth $1,967,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. State Street Corp acquired a new position in shares of Amentum during the third quarter worth $236,306,000. Primecap Management Co. CA purchased a new stake in Amentum during the 3rd quarter worth about $169,999,000. Geode Capital Management LLC acquired a new position in shares of Amentum during the 3rd quarter worth about $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new position in shares of Amentum during the 3rd quarter worth about $81,608,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Amentum in the 3rd quarter valued at about $39,613,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMTM shares. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald assumed coverage on shares of Amentum in a research report on Friday, February 7th. They issued a “neutral” rating and a $25.00 target price on the stock.

Amentum Stock Performance

NYSE:AMTM opened at $19.79 on Tuesday. Amentum Holdings, Inc. has a 52-week low of $18.38 and a 52-week high of $34.50. The stock’s 50 day moving average price is $21.30. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, equities research analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Barbara Loughran bought 4,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the purchase, the director now owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou purchased 100,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares of the company’s stock, valued at approximately $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.67% of the stock is currently owned by insiders.

About Amentum

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.