SG Americas Securities LLC Increases Investment in Parsons Co. with $1.31 Million Stock Holdings
January 7, 2024
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Parsons ($NYSE:PSN) Co. recently received an increase in investment from SG Americas Securities LLC, who now hold $1.31 million worth of stocks in the company. The company has earned numerous awards and accolades for their commitment to excellence and dedication to customer satisfaction. It is no surprise then that SG Americas Securities LLC has recognized the potential of Parsons Co. and has made the decision to invest in the company.
Stock Price
The company’s stock opened at $62.2 and closed at $62.6, down by 0.2% from its previous closing price of 62.7. The company’s shares have been steadily trending upwards since then, indicating that this investment could be beneficial for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parsons Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 5.05k | 144.37 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parsons Corporation. More…
| Operations | Investing | Financing |
| 306.72 | -342.04 | 92.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parsons Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.73k | 2.48k | 20.71 |
Key Ratios Snapshot
Some of the financial key ratios for Parsons Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 27.8% | 5.4% |
| FCF Margin | ROE | ROA |
| 5.2% | 7.9% | 3.6% |
Analysis
GoodWhale has conducted an analysis of PARSONS CORPORATION‘s wellbeing. Based on our Star Chart, we have classified the company as a ‘cheetah’, meaning it has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. This type of company may especially be attractive to investors looking for high growth potential with some level of risk. Our analysis of PARSONS CORPORATION indicates that it is strong in growth, medium in asset, profitability and weak in dividend. Despite its lower profitability, GoodWhale found that PARSONS CORPORATION has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. This could be an appealing feature for investors, particularly those looking to invest in a company with potential for growth. More…
Peers
The company is a provider of engineering, construction, and technical services for public and private sector clients. Parsons delivers innovative solutions to complex infrastructure and programmatic challenges, and is a recognized leader in the planning, design, and construction of a wide range of facilities and infrastructure. The company’s competitors include Airtificial Intelligence Structures SA, Modern Engineering & Projects Ltd, GMR Power and Urban Infra Ltd.
– Airtificial Intelligence Structures SA ($OTCPK:AITLF)
Artificial Intelligence Structures SA, or AI Structures, is a publicly traded company on the Madrid Stock Exchange. As of 2022, AI Structures has a market capitalization of €69.19 million and a return on equity of -7.34%. The company focuses on the development and commercialization of artificial intelligence technology.
– Modern Engineering & Projects Ltd ($BSE:539762)
Modern Engineering & Projects Ltd is a company that specializes in engineering and construction projects. The company has a market cap of 73.54M as of 2022 and a Return on Equity of -2211.89%. Modern Engineering & Projects Ltd has a strong focus on quality and safety, and has a good reputation in the industry. The company has a wide range of experience in both small and large projects, and has a proven track record of successful completion.
– GMR Power and Urban Infra Ltd ($BSE:543490)
GMR Power and Urban Infra Ltd has a market cap of 15.21B as of 2022, a Return on Equity of -54.42%. The company is engaged in the business of power generation and transmission, and urban infrastructure development.
Summary
Parsons Corporation is a publicly traded engineering and construction company based in the United States. Investment analysis of the company reveals that SG Americas Securities LLC has a current stock holding of 1.31 million shares. This suggests that SG Americas is confident in the performance of Parsons Corporation and expects to benefit from a favorable return on their investments.
Moreover, the company has also demonstrated a strong record of returning value to its shareholders through dividend payments and stock repurchases. With a diversified portfolio of services, Parsons Corporation has the potential to continue to generate value for investors in the future.
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