Amentum (NYSE:AMTM) Rating Increased to Hold at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Amentum (NYSE:AMTM) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on AMTM. Raymond James initiated coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a report on Thursday, February 6th.

Amentum Stock Performance

NYSE AMTM opened at $20.17 on Tuesday. Amentum has a 52 week low of $18.38 and a 52 week high of $34.50. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $21.27.

Amentum (NYSE:AMTM) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. Equities research analysts expect that Amentum will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Amentum

A number of large investors have recently added to or reduced their stakes in AMTM. Signaturefd LLC acquired a new position in Amentum in the 3rd quarter worth approximately $33,000. Private Advisor Group LLC acquired a new position in Amentum in the 3rd quarter worth approximately $433,000. Hennion & Walsh Asset Management Inc. acquired a new position in Amentum in the 3rd quarter worth approximately $250,000. Ballentine Partners LLC acquired a new position in Amentum in the 3rd quarter worth approximately $233,000. Finally, Allworth Financial LP acquired a new position in Amentum in the 3rd quarter worth approximately $140,000. 39.93% of the stock is currently owned by institutional investors.

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.