Bank of Jackson Hole Trust Purchases Shares of 3,765 Amentum Holdings, Inc. (NYSE:AMTM)

Bank of Jackson Hole Trust purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,765 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Arrow Financial Corp purchased a new stake in shares of Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE purchased a new stake in shares of Amentum in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at about $32,000. Signaturefd LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMTM. Raymond James began coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock. Cantor Fitzgerald began coverage on Amentum in a research report on Friday, February 7th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th.

Insider Buying and Selling

In related news, insider Steven J. Demetriou purchased 100,000 shares of Amentum stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $20.81 per share, for a total transaction of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 18.67% of the stock is owned by corporate insiders.

Amentum Stock Performance

AMTM opened at $21.26 on Thursday. The stock’s 50 day moving average is $21.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50.

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

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.