Washington Trust Advisors Inc. Sells 47,958 Shares of Amentum Holdings, Inc. (NYSE:AMTM)

Washington Trust Advisors Inc. reduced its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 37.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,240 shares of the company’s stock after selling 47,958 shares during the period. Washington Trust Advisors Inc.’s holdings in Amentum were worth $1,687,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Arrow Financial Corp bought a new stake in shares of Amentum during the 3rd quarter worth $26,000. IFP Advisors Inc boosted its holdings in shares of Amentum by 119.2% during the 4th quarter. IFP Advisors Inc now owns 1,532 shares of the company’s stock worth $35,000 after buying an additional 833 shares during the period. US Bancorp DE bought a new stake in shares of Amentum during the 3rd quarter worth $30,000. Anchor Investment Management LLC bought a new stake in Amentum in the 3rd quarter valued at $32,000. Finally, Glen Eagle Advisors LLC bought a new stake in Amentum in the 3rd quarter valued at $35,000. 39.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMTM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a report on Thursday, February 6th. Cantor Fitzgerald raised shares of Amentum to a “hold” rating in a report on Tuesday, February 25th. Finally, Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company.

Amentum Stock Performance

Shares of AMTM stock opened at $19.34 on Thursday. Amentum Holdings, Inc. has a 52-week low of $17.82 and a 52-week high of $34.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $21.22.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Sell-side analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Insider Activity

In other news, Director Barbara Loughran bought 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $21.23 per share, for a total transaction of $97,658.00. Following the transaction, the director now directly owns 4,600 shares of the company’s stock, valued at $97,658. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou bought 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 620,893 shares in the company, valued at $12,920,783.33. This represents a 19.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.