Jacobs Solutions Inc. (NYSE:J) Stake Lessened by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,811 shares of the company’s stock after selling 305 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Jacobs Solutions were worth $7,374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirabella Financial Services LLP bought a new stake in shares of Jacobs Solutions in the third quarter valued at about $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $5,192,000. Wellington Management Group LLP lifted its stake in shares of 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 buying an additional 23,509 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Jacobs Solutions by 9.9% in 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 buying an additional 62,259 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Jacobs Solutions by 14.7% in the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after buying an additional 10,296 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on J. Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Citigroup raised their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. KeyCorp began coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Truist Financial began coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Finally, Argus lifted their target price 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on 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 owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 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 $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,838 shares of company stock valued at $2,393,710. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $144.91 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $18.21 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.53 and a beta of 0.73. The firm has a 50 day simple moving average of $147.50 and a 200 day simple moving average of $137.90. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $1.67 earnings per share. Jacobs Solutions’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

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.