Primecap Management Co. CA Invests $170 Million in Amentum Holdings, Inc. (NYSE:AMTM)

Primecap Management Co. CA bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,271,282 shares of the company’s stock, valued at approximately $169,999,000.

Several other hedge funds have also modified their holdings of the company. Arrow Financial Corp purchased a new position in Amentum in the 3rd quarter valued at about $26,000. US Bancorp DE purchased a new position in Amentum in the 3rd quarter valued at about $30,000. Signaturefd LLC purchased a new position in Amentum in the 3rd quarter valued at about $33,000. HM Payson & Co. purchased a new position in Amentum in the 3rd quarter valued at about $38,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Amentum in the 3rd quarter valued at about $43,000.

Wall Street Analyst Weigh In

AMTM has been the subject of a number of recent research reports. Raymond James initiated coverage on shares of Amentum in a report on Thursday. They issued an “outperform” rating and a $30.00 price objective for the company. Truist Financial initiated coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company.

Amentum Stock Up 11.1 %

AMTM stock opened at $24.89 on Friday. 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.