Jacobs Solutions Inc. (NYSE:J) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 15,759 shares of the company’s stock after selling 517 shares during the period. Yousif Capital Management LLC’s holdings in Jacobs Solutions were worth $2,046,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirabella Financial Services LLP purchased a new stake in shares of Jacobs Solutions in the third quarter valued at about $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $5,192,000. Wellington Management Group LLP boosted its holdings 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 valued at $8,328,000 after acquiring an additional 23,509 shares in the last quarter. Federated Hermes Inc. boosted its holdings 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 valued at $4,429,000 after acquiring an additional 14,740 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Jacobs Solutions by 9.9% during 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 in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity

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 shares were 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 owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 shares were 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 owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Patrick Hill sold 5,486 shares of the company’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 approximately $8,527,717. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock valued at $2,393,710 over the last 90 days. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Down 1.6 %

Shares of NYSE J opened at $143.45 on Wednesday. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a market capitalization of $18.02 billion, a PE ratio of 25.62, 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 current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50-day moving average is $147.43 and its two-hundred day moving average is $137.96.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion for 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 revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Equities analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Argus boosted 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. Truist Financial assumed coverage on shares of 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 boosted 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. Royal Bank of Canada boosted 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. Finally, KeyCorp started coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price 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.