Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,313 shares of the company’s stock after purchasing an additional 468 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Jacobs Solutions were worth $430,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP bought a new stake in shares of Jacobs Solutions in the third quarter worth $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Jacobs Solutions in the fourth quarter worth $5,192,000. Wellington Management Group LLP increased its stake in shares of Jacobs Solutions by 62.7% in the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after buying an additional 23,509 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Jacobs Solutions by 76.0% in the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock worth $4,429,000 after buying an additional 14,740 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Jacobs Solutions by 9.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock worth $94,452,000 after buying an additional 62,259 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J opened at $144.91 on Monday. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a fifty day moving average of $147.50 and a 200-day moving average of $137.88.

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

Analyst Ratings Changes

J has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Bank of America lifted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Argus lifted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.