Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Two Point Capital Management Inc.

Two Point Capital Management Inc. boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,675 shares of the company’s stock after purchasing an additional 640 shares during the period. Jacobs Solutions makes up 5.4% of Two Point Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Two Point Capital Management Inc. owned 0.07% of Jacobs Solutions worth $11,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Jacobs Solutions by 16.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,313 shares of the company’s stock valued at $430,000 after purchasing an additional 468 shares during the period. GAMMA Investing LLC acquired a new stake in Jacobs Solutions in the fourth quarter valued at $27,000. CWM LLC boosted its position in shares of Jacobs Solutions by 9,149.7% during the 4th quarter. CWM LLC now owns 176,115 shares of the company’s stock worth $22,860,000 after acquiring an additional 174,211 shares in the last quarter. abrdn plc increased its stake in Jacobs Solutions by 81.4% in the fourth quarter. abrdn plc now owns 54,454 shares of the company’s stock valued at $7,068,000 after purchasing an additional 24,432 shares during the last quarter. Finally, Flynn Zito Capital Management LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $229,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the sale, the executive vice president now directly owns 57,233 shares in the company, valued at approximately $8,527,717. The disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock worth $2,393,710 over the last 90 days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial assumed coverage on Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Argus upped their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Citigroup boosted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday. Bank of America raised their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.93 during midday trading on Friday, reaching $145.11. The company’s stock had a trading volume of 135,889 shares, compared to its average volume of 635,903. The company has a 50 day moving average price of $147.55 and a 200 day moving average price of $137.87. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share 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 quarter in the previous year, the business posted $1.67 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions Inc. will post 8.07 EPS 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.