Shufro Rose & Co. LLC Lowers Position in Jacobs Solutions Inc. (NYSE:J)

Shufro Rose & Co. LLC reduced its stake in Jacobs Solutions Inc. (NYSE:J) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,941 shares of the company’s stock after selling 565 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Jacobs Solutions were worth $2,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank OZK raised its position in Jacobs Solutions by 1.6% in the 4th quarter. Bank OZK now owns 13,367 shares of the company’s stock valued at $1,735,000 after buying an additional 212 shares during the last quarter. Russell Investments Group Ltd. raised its position in Jacobs Solutions by 206.3% in the 4th quarter. Russell Investments Group Ltd. now owns 44,922 shares of the company’s stock valued at $5,831,000 after buying an additional 30,257 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Jacobs Solutions in the 4th quarter valued at $93,000. Truist Financial Corp raised its position in Jacobs Solutions by 10.3% in the 4th quarter. Truist Financial Corp now owns 219,202 shares of the company’s stock valued at $28,452,000 after buying an additional 20,448 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in Jacobs Solutions in the 4th quarter valued at $260,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE:J traded up $0.73 on Friday, hitting $144.91. The company’s stock had a trading volume of 391,169 shares, compared to its average volume of 455,361. The company has a 50-day simple moving average of $147.50 and a 200 day simple moving average of $137.89. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a market capitalization of $18.21 billion, a PE ratio of 25.88, a PEG ratio of 1.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. Sell-side analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at $8,527,717. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock worth $2,393,710 in the last quarter. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial assumed coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Bank of America upped their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Argus increased their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.25.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.