Marco Investment Management LLC Invests $1.24 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Marco Investment Management LLC acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,285 shares of the company’s stock, valued at approximately $1,235,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wharton Business Group LLC purchased a new stake in Amentum in the third quarter valued at approximately $2,106,000. Peak Asset Management LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at $774,000. Tower Bridge Advisors acquired a new stake in shares of Amentum in the third quarter worth $4,053,000. Janney Montgomery Scott LLC purchased a new position in shares of Amentum during the third quarter worth $2,178,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Amentum during the third quarter valued at $1,062,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James assumed coverage on Amentum in a research report on Thursday. They set an “outperform” rating and a $30.00 price target on the stock. Truist Financial assumed coverage on shares of 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 Down 1.3 %

NYSE:AMTM opened at $24.43 on Friday. Amentum Holdings, Inc. has a 52 week low of $21.24 and a 52 week high of $34.50.

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.