CIBC Asset Management Inc Acquires New Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

CIBC Asset Management Inc 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 institutional investor bought 18,217 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arrow Financial Corp purchased a new stake in Amentum during the third quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in shares of Amentum during the third quarter worth about $30,000. Signaturefd LLC acquired a new position in shares of Amentum during the third quarter valued at about $33,000. HM Payson & Co. purchased a new position in shares of Amentum in the 3rd quarter valued at approximately $38,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Amentum in the 3rd quarter worth approximately $43,000.

Wall Street Analyst Weigh In

Separately, Truist Financial assumed coverage on Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 target price for the company.

Amentum Stock Performance

AMTM stock opened at $22.41 on Thursday. 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.