Sumitomo Mitsui Trust Group Inc. Makes New $1.24 Million Investment in Amentum Holdings, Inc. (NYSE:AMTM)

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,382 shares of the company’s stock, valued at approximately $1,238,000.

A number of other hedge funds also recently made changes to their positions in the business. Arrow Financial Corp acquired a new stake in shares of Amentum during the 3rd quarter worth $26,000. US Bancorp DE acquired a new position in shares of Amentum in the 3rd quarter valued at approximately $30,000. Signaturefd LLC bought a new stake in shares of Amentum during the 3rd quarter worth approximately $33,000. HM Payson & Co. acquired a new stake in shares of Amentum during the 3rd quarter worth approximately $38,000. Finally, Harbor Capital Advisors Inc. bought a new position in Amentum in the third quarter valued at approximately $43,000.

Wall Street Analysts Forecast Growth

Separately, Truist Financial assumed coverage on Amentum in a research report on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock.

Amentum Trading Down 3.6 %

Shares of NYSE:AMTM opened at $21.94 on Wednesday. Amentum Holdings, Inc. has a 12-month low of $21.24 and a 12-month high of $34.50.

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.