Verition Fund Management LLC Cuts Stake in Amentum Holdings, Inc. $AMTM

Verition Fund Management LLC cut its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 865,172 shares of the company’s stock after selling 270,454 shares during the period. Verition Fund Management LLC owned 0.35% of Amentum worth $25,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMTM. Sound Income Strategies LLC grew its stake in Amentum by 45.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after buying an additional 425 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Amentum by 35.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after buying an additional 481 shares during the last quarter. BCS Private Wealth Management Inc. raised its stake in Amentum by 5.0% in the fourth quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after buying an additional 575 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Amentum by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after acquiring an additional 600 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Amentum by 4.6% during the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after acquiring an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Trading Down 0.1%

Amentum stock opened at $22.83 on Monday. The stock has a 50-day moving average price of $24.81 and a 200 day moving average price of $28.63. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 0.67 and a beta of 0.28. Amentum Holdings, Inc. has a 52 week low of $21.11 and a 52 week high of $38.11. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $0.53 EPS. Amentum’s revenue for the quarter was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts anticipate that Amentum Holdings, Inc. will post 2.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley assumed coverage on shares of Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 target price for the company. Citizens Jmp restated a “market outperform” rating and set a $40.00 price target on shares of Amentum in a research note on Monday, April 13th. Wall Street Zen cut shares of Amentum from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Weiss Ratings upgraded shares of Amentum from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.