Headlands Technologies LLC Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Headlands Technologies LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 716 shares of the company’s stock, valued at approximately $93,000.

Other hedge funds have also modified their holdings of the company. Mirabella Financial Services LLP purchased a new stake in Jacobs Solutions in the 3rd quarter valued at $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Jacobs Solutions in the fourth quarter valued at $5,192,000. Wellington Management Group LLP increased its stake in Jacobs Solutions by 62.7% in 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. Federated Hermes Inc. raised its holdings in shares of Jacobs Solutions by 76.0% in the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after buying an additional 14,740 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted 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 worth $94,452,000 after buying an additional 62,259 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on J. 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, April 22nd. Argus boosted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Truist Financial started coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Transactions at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’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 transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 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 approximately $85,047,141.60. 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 in the last three months. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

Shares of J stock opened at $145.85 on Tuesday. 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 firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The company has a 50 day moving average price of $147.47 and a 200 day moving average price of $137.93.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

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.