Modera Wealth Management LLC Reduces Holdings in Amentum Holdings, Inc. (NYSE:AMTM)

Modera Wealth Management LLC decreased its holdings in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 13.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,191 shares of the company’s stock after selling 5,352 shares during the period. Modera Wealth Management LLC’s holdings in Amentum were worth $740,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp purchased a new stake in Amentum in the third quarter valued at approximately $236,306,000. Primecap Management Co. CA purchased a new stake in Amentum in the third quarter valued at approximately $169,999,000. Geode Capital Management LLC purchased a new stake in Amentum in the third quarter valued at approximately $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in Amentum in the third quarter valued at approximately $81,608,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Amentum in the third quarter valued at approximately $39,613,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Insider Transactions at Amentum

In other Amentum news, insider Steven J. Demetriou bought 100,000 shares of Amentum stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara Loughran bought 4,600 shares of Amentum stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $21.23 per share, with a total value of $97,658.00. Following the completion of the purchase, the director now owns 4,600 shares in the company, valued at approximately $97,658. This trade represents a ? 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.

Amentum Stock Performance

Amentum stock opened at $18.69 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.59 and a current ratio of 1.59. Amentum Holdings, Inc. has a 12 month low of $17.82 and a 12 month high of $34.47. The stock has a 50 day moving average of $21.25.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. As a group, equities research analysts expect that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMTM. Cantor Fitzgerald upgraded Amentum to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price objective on shares of Amentum in a research report on Thursday, February 6th. Finally, Raymond James assumed coverage on Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock.

Amentum 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.