Duality Advisers LP Reduces Holdings in Jacobs Solutions Inc. (NYSE:J)

Duality Advisers LP decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 80.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,885 shares of the company’s stock after selling 7,813 shares during the quarter. Duality Advisers LP’s holdings in Jacobs Solutions were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $59,000. Global Wealth Strategies & Associates acquired a new position in shares of Jacobs Solutions during the 3rd quarter worth approximately $63,000. Private Trust Co. NA raised its stake in shares of 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 buying an additional 87 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of 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 buying an additional 113 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.5 %

Shares of NYSE:J opened at $144.91 on Friday. 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 business has a fifty day moving average of $147.50 and a two-hundred day moving average of $137.90. The stock 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. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $154.50.

Jacobs Solutions (NYSE:J) last released its quarterly 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 business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on J. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada boosted their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Bank of America boosted their price target on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Truist Financial began coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Finally, Argus boosted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Insider Transactions at Jacobs Solutions

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 transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction dated 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 directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,838 shares of company stock worth $2,393,710. 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.