935,078 Shares in Amentum Holdings, Inc. (NYSE:AMTM) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the 3rd quarter, HoldingsChannel reports. The firm acquired 935,078 shares of the company’s stock, valued at approximately $30,156,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp bought a new position in shares of Amentum in the 3rd quarter valued at $236,306,000. Primecap Management Co. CA bought a new stake in shares of Amentum during the 3rd quarter worth $169,999,000. Ruane Cunniff & Goldfarb L.P. acquired a new stake in Amentum in the third quarter valued at about $81,608,000. Allspring Global Investments Holdings LLC bought a new position in Amentum in the third quarter valued at about $78,399,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Amentum during the third quarter worth about $39,613,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Trading Down 1.0 %

Shares of AMTM stock opened at $23.61 on Friday. The company’s 50-day moving average price is $27.16. Amentum Holdings, Inc. has a 12 month low of $21.24 and a 12 month high of $34.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in 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 price target on the stock. Raymond James initiated coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

About Amentum

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.