The most recent 13F filing that TD Asset Management INC submitted to the Securities and Exchange Commission revealed that during the third quarter, the company increased its holdings in Parsons Co (NYSE: PSN) by 14.6%.
The fund had a total holding of 69,992 shares of the company’s stock at the end of the time frame after having purchased an additional 8,894 shares of the stock during the time frame.
The most recent statement submitted to the Securities and Exchange Commission reveals that TD Asset Management INC owns 0.07% of Parsons for a total value of $2,753,000.
This information was gleaned from the filing that was made with the SEC.
Several other institutional investors and hedge funds have also modified their stock holdings due to the recent market activity.
During the second quarter of the fiscal year, Price T. Rowe Associates INC (MD) purchased an additional 56.5% stake in Parsons.
Price T. Rowe Associates INC (MD) now holds 3,931,806 shares of the company’s stock following the purchase of an additional 1,420,028 shares during the most recent quarter.
These shares are currently valued at a combined total of $158,924,000. Vanguard Group INC increased the amount of Parsons stock owned by 15.2 percent over the year’s first three months.
After purchasing an additional 412,992 shares during the most recent quarter, Vanguard Group INC now directly owns 3,128,822 shares of the company’s stock, which have a value of $121,084,000.
This brings the total number of shares directly owned by the company to 3,128,822.
Dimensional Fund Advisors LP successfully achieved a 45.4% increase in the percentage of Parsons stock it owned over the first three months of the year.
Dimensional Fund Advisors LP has increased the value of its overall holdings by purchasing an additional 216,326 shares of the company’s stock since the beginning of this quarter.
This brings the total value of its holdings to $26,827,000.
Lord Abbett & Co LLC initiated a new investment in Parsons during the first three months of the year.
This business deal was worth approximately $20,520,000 to both parties.
Last but not least, ABRDN plc added a new position in Parsons during the second quarter, which had a value of approximately $17,585,000.
This was certainly not the least important development. Various types of institutional investors own a total of 99.59 percent of the company’s shares.
In recent days, commentary on PSN stock has been provided by a variety of analysts and research professionals from both inside and outside the company.
The price target that Truist Financial has assigned to Parsons shares has increased from $42.00 to $50.00, as stated in a research report that was made public on Thursday, November 3rd.
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