Marco Investment Management LLC Sells 202 Shares of Jacobs Solutions Inc. (NYSE:J)

Marco Investment Management LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,935 shares of the company’s stock after selling 202 shares during the quarter. Marco Investment Management LLC’s holdings in Jacobs Solutions were worth $3,886,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank OZK lifted its holdings in Jacobs Solutions by 1.6% during the fourth quarter. Bank OZK now owns 13,367 shares of the company’s stock valued at $1,735,000 after purchasing an additional 212 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Jacobs Solutions by 206.3% during the fourth quarter. Russell Investments Group Ltd. now owns 44,922 shares of the company’s stock valued at $5,831,000 after purchasing an additional 30,257 shares in the last quarter. Headlands Technologies LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $93,000. Truist Financial Corp lifted its holdings in Jacobs Solutions by 10.3% during the fourth quarter. Truist Financial Corp now owns 219,202 shares of the company’s stock valued at $28,452,000 after purchasing an additional 20,448 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $260,000. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Citigroup boosted their target price 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. Truist Financial assumed coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price on the stock. Argus boosted their target price 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. Finally, KeyCorp assumed coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Trading Up 0.5 %

Shares of NYSE J traded up $0.73 during mid-day trading on Friday, reaching $144.91. The company had a trading volume of 391,169 shares, compared to its average volume of 455,361. The business’s 50-day moving average is $147.50 and its 200-day moving average is $137.88. 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 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 Inc. has a 52 week low of $109.00 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. Equities analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Jacobs Solutions news, EVP Patrick Hill sold 5,486 shares of the stock in a transaction dated Friday, March 8th. The shares were 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 of the company’s stock, valued at $8,527,717. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock valued at $2,393,710 over the last three months. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Company 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.