Jacobs Solutions Inc. (NYSE:J) Shares Sold by Duality Advisers LP

Duality Advisers LP decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 80.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of J. CWM LLC raised its stake in Jacobs Solutions by 22.1% during the third quarter. CWM LLC now owns 1,904 shares of the company’s stock valued at $260,000 after buying an additional 345 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Jacobs Solutions during the third quarter valued at approximately $342,000. Czech National Bank raised its stake in Jacobs Solutions by 46.6% during the third quarter. Czech National Bank now owns 22,008 shares of the company’s stock valued at $3,004,000 after buying an additional 6,992 shares in the last quarter. Ballentine Partners LLC raised its stake in Jacobs Solutions by 101.9% during the third quarter. Ballentine Partners LLC now owns 6,658 shares of the company’s stock valued at $909,000 after buying an additional 3,360 shares in the last quarter. Finally, Bremer Bank National Association raised its stake in Jacobs Solutions by 3.8% during the third quarter. Bremer Bank National Association now owns 25,340 shares of the company’s stock valued at $3,459,000 after buying an additional 916 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on J. Royal Bank of Canada increased 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. Argus increased 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. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Bank of America increased 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Stock Up 0.5 %

J opened at $144.91 on Friday. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $154.50. 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 stock has a market cap of $18.21 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.53 and a beta of 0.73. The stock’s 50 day moving average price is $147.50 and its 200 day moving average price is $137.90.

Jacobs Solutions (NYSE:J) last issued 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. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Insider Activity

In other news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s 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 sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,838 shares of company stock worth $2,393,710. 1.00% of the stock is owned by company insiders.

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.