Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Amentum Holdings, Inc. $AMTM

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Amentum Holdings, Inc. (NYSE:AMTM) by 54.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,796 shares of the company’s stock after selling 45,973 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Amentum were worth $905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in Amentum in the 2nd quarter valued at $25,000. Blue Trust Inc. raised its holdings in shares of Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after buying an additional 648 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Amentum during the third quarter worth about $32,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Amentum by 1,517.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after buying an additional 1,426 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Amentum by 433.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after buying an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMTM. 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 research note on Wednesday, November 26th. JMP Securities set a $35.00 price objective on shares of Amentum in a report on Wednesday, November 26th. UBS Group increased their target price on shares of Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Wall Street Zen upgraded Amentum from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Truist Financial raised their price objective on Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Amentum Stock Performance

Amentum stock opened at $35.78 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. Amentum Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $37.94. The stock has a fifty day moving average of $31.23 and a two-hundred day moving average of $26.48. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 132.52, a PEG ratio of 1.05 and a beta of -0.01.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.Amentum’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts anticipate 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.