Lord Abbett & CO. LLC Decreases Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Lord Abbett & CO. LLC reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 42.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,170 shares of the business services provider’s stock after selling 154,897 shares during the period. Lord Abbett & CO. LLC’s holdings in Booz Allen Hamilton were worth $34,044,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. AGF Management Ltd. increased its position in shares of Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Booz Allen Hamilton in the third quarter worth about $48,349,000. Caisse DE Depot ET Placement DU Quebec boosted its position in Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after acquiring an additional 285,621 shares during the last quarter. Acadian Asset Management LLC grew its stake in Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after acquiring an additional 217,349 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after acquiring an additional 199,871 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $134.46 on Friday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The company’s 50 day simple moving average is $159.96 and its 200-day simple moving average is $155.81. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.52%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BAH has been the subject of a number of analyst reports. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price target for the stock from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, Barclays raised their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.44.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.