Two Point Capital Management Inc. Boosts Position in Jacobs Solutions Inc. (NYSE:J)

Two Point Capital Management Inc. lifted its position in Jacobs Solutions Inc. (NYSE:J) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 91,675 shares of the company’s stock after purchasing an additional 640 shares during the quarter. Jacobs Solutions comprises about 5.4% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Two Point Capital Management Inc.’s holdings in Jacobs Solutions were worth $11,899,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Jacobs Solutions by 22.1% during the 3rd quarter. CWM LLC now owns 1,904 shares of the company’s stock valued at $260,000 after purchasing an additional 345 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Jacobs Solutions by 3.7% in the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock valued at $296,000 after purchasing an additional 78 shares in the last quarter. HB Wealth Management LLC increased its holdings in Jacobs Solutions by 10.4% during the 3rd quarter. HB Wealth Management LLC now owns 2,242 shares of the company’s stock worth $306,000 after purchasing an additional 212 shares during the period. Park Place Capital Corp lifted its position in shares of Jacobs Solutions by 473.9% during the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after purchasing an additional 218 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Jacobs Solutions in the third quarter valued at $342,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J traded up $0.93 during midday trading on Friday, hitting $145.11. 135,889 shares of the company were exchanged, compared to its average volume of 635,903. 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 firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company’s 50 day simple moving average is $147.55 and its 200 day simple moving average is $137.87. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year 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 firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company posted $1.67 EPS. Jacobs Solutions’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial started coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target for the company. Citigroup lifted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. 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. Finally, KeyCorp started coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insiders Place Their Bets

In other news, CFO Kevin C. Berryman sold 1,500 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 transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated 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 directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick Hill sold 5,486 shares of the firm’s 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 transaction, the executive vice president now directly owns 57,233 shares in the company, valued at approximately $8,527,717. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,838 shares of company stock valued at $2,393,710. Corporate insiders own 1.00% of the company’s stock.

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.