State Street Corp Takes $236.31 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

State Street Corp purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,327,308 shares of the company’s stock, valued at approximately $236,306,000. State Street Corp owned about 2.94% of Amentum as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMTM. Arrow Financial Corp bought a new position in shares of Amentum during the 3rd quarter valued at approximately $26,000. US Bancorp DE bought a new position in Amentum during the third quarter valued at $30,000. Signaturefd LLC purchased a new stake in Amentum in the third quarter worth $33,000. HM Payson & Co. bought a new stake in shares of Amentum in the third quarter valued at $38,000. Finally, Studio Investment Management LLC purchased a new position in shares of Amentum during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Truist Financial initiated coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price target on the stock. Raymond James started coverage on Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

Amentum Price Performance

Shares of AMTM stock opened at $23.85 on Thursday. The business’s 50-day moving average price is $27.24. 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.