Parsons Co. (NYSE:PSN) Stock Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in Parsons Co. (NYSE:PSN - Free Report) by 13.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,700 shares of the company's stock after selling 11,314 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Parsons worth $7,330,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in Parsons in the 1st quarter valued at about $853,000. Russell Investments Group Ltd. boosted its position in shares of Parsons by 17,130.4% in the 1st quarter. Russell Investments Group Ltd. now owns 9,649 shares of the company's stock valued at $800,000 after purchasing an additional 9,593 shares during the period. Peregrine Asset Advisers Inc. acquired a new position in shares of Parsons in the second quarter worth $4,417,000. SG Americas Securities LLC lifted its stake in shares of Parsons by 872.4% in the first quarter. SG Americas Securities LLC now owns 39,586 shares of the company's stock worth $3,284,000 after buying an additional 35,515 shares during the last quarter. Finally, KP Management LLC raised its position in shares of Parsons by 25.0% during the second quarter. KP Management LLC now owns 25,000 shares of the company's stock valued at $2,045,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company's stock.

Parsons Trading Down 0.3 %

Shares of NYSE PSN traded down $0.32 during trading on Tuesday, reaching $112.99. The stock had a trading volume of 189,160 shares, compared to its average volume of 886,263. The company has a market cap of $12.00 billion, a P/E ratio of 171.82, a PEG ratio of 2.32 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55. The business's 50-day moving average price is $103.81 and its 200-day moving average price is $89.55. Parsons Co. has a fifty-two week low of $61.10 and a fifty-two week high of $114.68.

Parsons (NYSE:PSN - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. Parsons had a return on equity of 12.74% and a net margin of 1.21%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities research analysts predict that Parsons Co. will post 3.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on PSN shares. Truist Financial restated a "buy" rating and issued a $108.00 price objective (up from $100.00) on shares of Parsons in a report on Thursday, August 1st. Robert W. Baird raised their price target on shares of Parsons from $103.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Raymond James cut shares of Parsons from a "strong-buy" rating to an "outperform" rating and set a $115.00 price target on the stock. in a research report on Wednesday, October 23rd. Benchmark upped their price target on Parsons from $68.00 to $101.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, KeyCorp increased their price objective on Parsons from $116.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $102.11.

About Parsons

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.