Whittier Trust Co. Buys New Position in Amentum Holdings, Inc. (NYSE:AMTM)

Whittier Trust Co. purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,518 shares of the company’s stock, valued at approximately $95,000.

Several other large investors have also bought and sold shares of AMTM. Anchor Investment Management LLC bought a new position in shares of Amentum in the third quarter valued at approximately $32,000. Glen Eagle Advisors LLC purchased a new position in shares of Amentum in the 3rd quarter worth about $35,000. IFP Advisors Inc grew its position in Amentum by 119.2% during the fourth quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock valued at $35,000 after buying an additional 833 shares during the period. Asset Planning Inc purchased a new stake in Amentum during the fourth quarter worth about $36,000. Finally, Horizon Investments LLC purchased a new position in Amentum in the fourth quarter valued at about $36,000. 39.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Amentum to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group began coverage on Amentum in a research report on Thursday, March 20th. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.20.

Amentum Stock Performance

NYSE:AMTM opened at $18.62 on Tuesday. Amentum Holdings, Inc. has a 1 year low of $16.95 and a 1 year high of $34.47. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.02. The stock’s fifty day moving average is $20.36.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. On average, analysts expect that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Insider Buying and Selling at Amentum

In other Amentum news, Director Barbara Loughran acquired 4,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $97,658.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $97,658. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven J. Demetriou bought 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 acquisition, the insider now owns 620,893 shares in the company, valued at $12,920,783.33. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 18.67% of the company’s stock.

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.