Wellington Management Group LLP Buys New Shares in Amentum Holdings, Inc. (NYSE:AMTM)

Wellington Management Group LLP bought a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 935,078 shares of the company’s stock, valued at approximately $30,156,000. Wellington Management Group LLP owned about 0.38% of Amentum at the end of the most recent quarter.

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

Amentum Stock Performance

Shares of NYSE AMTM opened at $23.61 on Friday. The business’s 50 day moving average price is $27.16. Amentum Holdings, Inc. has a 1-year low of $21.24 and a 1-year high of $34.50.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMTM. Truist Financial assumed coverage on 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 started coverage on shares of Amentum in a research note on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price for the company.

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.