Lingohr Asset Management GmbH Has $4.19 Million Position in Amentum Holdings, Inc. $AMTM

Lingohr Asset Management GmbH grew its stake in Amentum Holdings, Inc. (NYSE:AMTM) by 1,650.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 175,000 shares of the company’s stock after buying an additional 165,000 shares during the period. Lingohr Asset Management GmbH’s holdings in Amentum were worth $4,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the business. IFM Investors Pty Ltd acquired a new position in Amentum in the first quarter valued at about $411,000. Public Employees Retirement System of Ohio increased its holdings in shares of Amentum by 7.7% in the second quarter. Public Employees Retirement System of Ohio now owns 51,304 shares of the company’s stock worth $1,211,000 after acquiring an additional 3,688 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Amentum by 13.2% during the second quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock worth $2,120,000 after acquiring an additional 10,487 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Amentum by 27.0% during the second quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $53,000 after buying an additional 477 shares in the last quarter. Finally, Truist Financial Corp increased its stake in Amentum by 3.7% in the 2nd quarter. Truist Financial Corp now owns 22,516 shares of the company’s stock valued at $532,000 after buying an additional 794 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on AMTM shares. Royal Bank Of Canada lifted their target price on Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 26th. Bank of America raised their price objective on Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 31st. Morgan Stanley raised shares of Amentum from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $20.00 to $35.00 in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Finally, Citizens Jmp raised their target price on shares of Amentum from $35.00 to $40.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.50.

Amentum Price Performance

Shares of NYSE:AMTM opened at $35.78 on Friday. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $37.94. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 132.52, a PEG ratio of 1.09 and a beta of -0.01. The stock’s 50 day moving average is $31.23 and its 200-day moving average is $26.44. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.