Federated Hermes Inc. Grows Stock Position in Jacobs Solutions Inc. (NYSE:J)

Federated Hermes Inc. increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 76.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,122 shares of the company’s stock after buying an additional 14,740 shares during the quarter. Federated Hermes Inc.’s holdings in Jacobs Solutions were worth $4,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. First Pacific Financial purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $59,000. Global Wealth Strategies & Associates purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $63,000. Private Trust Co. NA raised its holdings in shares of Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Jacobs Solutions by 21.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 648 shares of the company’s stock worth $88,000 after purchasing an additional 113 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 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 $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s 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 completion of the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 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 $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $144.91 on Friday. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The business has a 50 day moving average price of $147.50 and a two-hundred day moving average price of $137.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market cap of $18.21 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73.

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

Analysts Set New Price Targets

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

About Jacobs Solutions

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.