Allspring Global Investments Holdings LLC Makes New $78.40 Million Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Allspring Global Investments Holdings LLC bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,430,975 shares of the company’s stock, valued at approximately $78,399,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMTM. Dover Advisors LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $219,000. Stratos Wealth Advisors LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $282,000. Heritage Family Offices LLP acquired a new position in shares of Amentum in the third quarter valued at approximately $308,000. Vest Financial LLC acquired a new position in shares of Amentum in the third quarter valued at approximately $326,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Amentum in the third quarter valued at approximately $414,000.

Amentum Stock Performance

Shares of AMTM stock opened at $29.30 on Monday. Amentum Holdings, Inc. has a one year low of $23.58 and a one year high of $34.50.

Analyst Upgrades and Downgrades

Separately, Truist Financial initiated coverage on shares of Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company.

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.