Jacobs Solutions Inc. (NYSE:J) Shares Bought by Bank OZK

Bank OZK raised its position in Jacobs Solutions Inc. (NYSE:J) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,367 shares of the company’s stock after acquiring an additional 212 shares during the period. Bank OZK’s holdings in Jacobs Solutions were worth $1,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in J. Boston Partners purchased a new position in shares of Jacobs Solutions in the third quarter worth $106,946,000. Baupost Group LLC MA purchased a new position in shares of Jacobs Solutions during the third quarter worth $66,583,000. Third Point LLC raised its holdings in shares of Jacobs Solutions by 32.8% during the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of Jacobs Solutions by 117.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after purchasing an additional 332,053 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Jacobs Solutions by 82.6% during the third quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company’s stock worth $56,141,000 after purchasing an additional 186,030 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

J has been the subject of several recent research reports. Bank of America raised their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. 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 report on Wednesday, February 7th. Argus raised 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. Citigroup lifted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, KeyCorp assumed coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.25.

Insider Buying and Selling

In related news, CFO Kevin C. Berryman sold 1,500 shares of the business’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 transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’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 sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’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 transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,838 shares of company stock worth $2,393,710. 1.00% of the stock is owned by insiders.

Jacobs Solutions Price Performance

Shares of NYSE J 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. The stock has a fifty day simple moving average of $147.50 and a two-hundred 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. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share 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.