Jacobs Solutions Inc. (NYSE:J) Shares Sold by Dover Advisors LLC

Dover Advisors LLC reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 20.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,115 shares of the company’s stock after selling 1,598 shares during the quarter. Dover Advisors LLC’s holdings in Jacobs Solutions were worth $794,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in J. Stratos Wealth Partners LTD. lifted its stake in Jacobs Solutions by 0.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after purchasing an additional 86 shares in the last quarter. Private Trust Co. NA lifted its stake in Jacobs Solutions by 17.8% in 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 in the last quarter. Signaturefd LLC lifted its stake in Jacobs Solutions by 11.4% in the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after purchasing an additional 91 shares in the last quarter. Janney Capital Management LLC lifted its stake in Jacobs Solutions by 2.8% in the 3rd quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock worth $468,000 after purchasing an additional 93 shares in the last quarter. Finally, Souders Financial Advisors lifted its stake in Jacobs Solutions by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock worth $565,000 after purchasing an additional 96 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 in the company, valued at $35,711,532.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value 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 $4,261,068. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 $35,711,532.80. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on J shares. Royal Bank of Canada raised their target price 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. Argus lifted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Bank of America lifted their price target 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. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $155.25.

Jacobs Solutions Trading Up 0.5 %

Jacobs Solutions stock traded up $0.73 during trading on Friday, hitting $144.91. The company had a trading volume of 391,169 shares, 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 company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The company’s 50 day simple moving average is $147.50 and its 200-day simple moving average is $137.88. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last posted 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. The firm had revenue of $4.20 billion during 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 firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. As a group, analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal 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.