Rovida Investment Management Ltd Acquires New Position in Amentum Holdings, Inc. $AMTM

Rovida Investment Management Ltd acquired a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 315,000 shares of the company’s stock, valued at approximately $8,209,000. Amentum makes up about 1.0% of Rovida Investment Management Ltd’s holdings, making the stock its 14th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMTM. IFM Investors Pty Ltd acquired a new stake in shares of Amentum during the 1st quarter valued at approximately $411,000. Cetera Investment Advisers purchased a new stake in shares of Amentum during the 2nd quarter worth approximately $335,000. JPMorgan Chase & Co. grew its holdings in shares of Amentum by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after acquiring an additional 3,608 shares during the period. M&T Bank Corp purchased a new position in Amentum in the 2nd quarter valued at approximately $241,000. Finally, Gabelli Funds LLC purchased a new position in Amentum in the 2nd quarter valued at approximately $592,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Stock Down 0.1%

Shares of NYSE:AMTM opened at $21.78 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $5.32 billion, a P/E ratio of 36.29, a P/E/G ratio of 0.64 and a beta of 0.35. Amentum Holdings, Inc. has a 52-week low of $19.80 and a 52-week high of $38.11. The stock’s fifty day simple moving average is $21.83 and its 200-day simple moving average is $26.62.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business posted $0.53 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts forecast that Amentum Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on AMTM. JPMorgan Chase & Co. lowered their target price on Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Morgan Stanley began coverage on shares of Amentum in a research report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Bank of America lowered their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Amentum from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Amentum 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.