Jacobs Solutions Inc. (NYSE:J) Shares Acquired by abrdn plc

abrdn plc lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 81.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,454 shares of the company’s stock after buying an additional 24,432 shares during the quarter. abrdn plc’s holdings in Jacobs Solutions were worth $7,068,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. First Pacific Financial purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new stake in Jacobs Solutions during the 4th quarter worth approximately $59,000. Global Wealth Strategies & Associates purchased a new stake in Jacobs Solutions during the 3rd quarter worth approximately $63,000. Private Trust Co. NA increased its holdings in Jacobs Solutions by 17.8% during 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 last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Jacobs Solutions by 21.1% during 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 last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction 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 of the company’s stock, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction 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 of the company’s stock, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. 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 three months. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on J shares. Truist Financial started coverage on Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. Bank of America lifted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Citigroup lifted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada lifted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, KeyCorp started coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $155.25.

Jacobs Solutions Price Performance

Shares of J opened at $144.91 on Friday. The company has a market cap of $18.21 billion, a P/E ratio of 25.88, a PEG ratio of 1.53 and a beta of 0.73. The stock has a fifty day moving average price of $147.50 and a 200 day moving average price of $137.90. 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 Inc. has a 12 month low of $109.00 and a 12 month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The firm 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%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions 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.