abrdn plc lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) 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
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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 – Get Free Report) 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.
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