Commerce Bank Invests $214,000 in Amentum Holdings, Inc. (NYSE:AMTM)

Commerce Bank acquired a new position in Amentum Holdings, Inc. (NYSE:AMTM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,623 shares of the company’s stock, valued at approximately $214,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMTM shares. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target for the company. Truist Financial started coverage on Amentum in a research note on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company.

Amentum Stock Performance

AMTM opened at $23.90 on Thursday. 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.