Channing Capital Management LLC Lowers Stake in Booz Allen Hamilton Holding Co. (BAH)

Channing Capital Management LLC cut its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,668,907 shares of the business services provider’s stock after selling 415,033 shares during the period. Booz Allen Hamilton makes up about 3.0% of Channing Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Channing Capital Management LLC owned about 1.17% of Booz Allen Hamilton worth $82,828,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Partners LTD. acquired a new position in shares of Booz Allen Hamilton during the third quarter worth approximately $318,000. SG Americas Securities LLC acquired a new stake in Booz Allen Hamilton in the second quarter worth approximately $144,000. Steward Partners Investment Advisory LLC lifted its position in Booz Allen Hamilton by 85.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock worth $189,000 after purchasing an additional 1,756 shares during the period. Chicago Equity Partners LLC acquired a new stake in Booz Allen Hamilton in the third quarter worth approximately $215,000. Finally, Virtu Financial LLC acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $233,000. Institutional investors and hedge funds own 93.38% of the company’s stock.

NYSE BAH opened at $51.31 on Monday. Booz Allen Hamilton Holding Co. has a 1-year low of $35.21 and a 1-year high of $52.88. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $7.30 billion, a PE ratio of 21.38, a P/E/G ratio of 1.35 and a beta of 1.13.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted $0.50 earnings per share. Booz Allen Hamilton’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 2.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.81%.

In other Booz Allen Hamilton news, Director Ralph W. Shrader sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $51.06, for a total transaction of $1,531,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristine Anderson sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $51.54, for a total transaction of $1,030,800.00. The disclosure for this sale can be found here. Corporate insiders own 3.56% of the company’s stock.

Several brokerages have issued reports on BAH. Bank of America downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underperform” rating and set a $50.00 target price on the stock. in a research note on Monday, November 5th. Credit Suisse Group boosted their target price on shares of Booz Allen Hamilton from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, October 30th. Wells Fargo & Co boosted their target price on shares of Booz Allen Hamilton from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, October 30th. Citigroup boosted their target price on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, October 30th. Finally, Raymond James boosted their target price on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Booz Allen Hamilton has a consensus rating of “Buy” and a consensus price target of $53.22.

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Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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