Victory Capital Management Inc. raised its position in SJW Corp. (NYSE:SJW) by 77.6% during the second quarter, Holdings Channel reports. The fund owned 2,843 shares of the company’s stock after buying an additional 1,242 shares during the period. Victory Capital Management Inc.’s holdings in SJW Corp. were worth $112,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in SJW Corp. during the first quarter worth about $357,000. Virginia Retirement System acquired a new position in SJW Corp. during the first quarter worth about $596,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in SJW Corp. during the first quarter worth about $232,000. Prudential Financial Inc. increased its position in SJW Corp. by 22.3% in the first quarter. Prudential Financial Inc. now owns 128,222 shares of the company’s stock worth $4,661,000 after buying an additional 23,400 shares during the last quarter. Finally, BlackRock Inc. increased its position in SJW Corp. by 817.8% in the first quarter. BlackRock Inc. now owns 4,837 shares of the company’s stock worth $176,000 after buying an additional 4,310 shares during the last quarter. 45.15% of the stock is currently owned by institutional investors.
Shares of SJW Corp. (NYSE:SJW) traded down 0.30% during mid-day trading on Friday, hitting $42.78. 20,528 shares of the stock were exchanged. SJW Corp. has a 12 month low of $27.60 and a 12 month high of $46.73. The stock has a market cap of $874.51 million, a price-to-earnings ratio of 19.11 and a beta of 0.34. The company has a 50-day moving average price of $43.35 and a 200-day moving average price of $38.63.
SJW Corp. (NYSE:SJW) last announced its earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.41. SJW Corp. had a return on equity of 11.12% and a net margin of 14.40%. Equities analysts expect that SJW Corp. will post $1.80 earnings per share for the current year.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd.
In other SJW Corp. news, VP Palle Jensen sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $41.15, for a total value of $123,450.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.50% of the company’s stock.
SJW Corp. Company Profile
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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