Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Bank OZK

Bank OZK increased its stake in Jacobs Solutions Inc. (NYSE:J) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,367 shares of the company’s stock after acquiring an additional 212 shares during the period. Bank OZK’s holdings in Jacobs Solutions were worth $1,735,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of J. Mirabella Financial Services LLP purchased a new position in Jacobs Solutions in the third quarter valued at approximately $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $5,192,000. Wellington Management Group LLP raised its stake in shares of Jacobs Solutions by 62.7% during the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock valued at $8,328,000 after purchasing an additional 23,509 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 valued at $94,452,000 after purchasing an additional 62,259 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after purchasing an additional 10,296 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J traded up $0.73 during midday trading on Friday, hitting $144.91. 391,169 shares of the stock traded hands, compared to its average volume of 455,361. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The firm has a market capitalization of $18.21 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50 day moving average price is $147.50 and its two-hundred day moving average price is $137.90.

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. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial assumed coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target for the company. Bank of America lifted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Argus lifted 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. 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, the stock currently 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.