Van ECK Associates Corp Takes Position in Amentum Holdings, Inc. (NYSE:AMTM)

Van ECK Associates Corp purchased a new stake in Amentum Holdings, Inc. (NYSE:AMTM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,132,285 shares of the company’s stock, valued at approximately $23,812,000. Van ECK Associates Corp owned 0.47% of Amentum as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. State Street Corp acquired a new position in shares of Amentum in the 3rd quarter valued at $236,306,000. Primecap Management Co. CA acquired a new position in shares of Amentum in the 3rd quarter valued at $169,999,000. Geode Capital Management LLC acquired a new stake in Amentum during the 3rd quarter worth $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum during the 3rd quarter worth $81,608,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Amentum during the 3rd quarter worth $78,399,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Amentum Price Performance

AMTM opened at $19.82 on Friday. The firm has a 50-day moving average price of $21.67. Amentum Holdings, Inc. has a 1 year low of $18.38 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59.

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

Insider Buying and Selling at Amentum

In other news, insider Steven J. Demetriou purchased 100,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, the insider now directly owns 620,893 shares of the company’s stock, valued at $12,920,783.33. This trade represents a 19.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 18.67% of the company’s stock.

Amentum Company Profile

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.