Evolution Advisers Inc. Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Evolution Advisers Inc. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 600 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $27,000. First Pacific Financial acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $27,000. Park Place Capital Corp lifted its stake in shares of Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after acquiring an additional 218 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $59,000. Finally, Global Wealth Strategies & Associates acquired a new stake in Jacobs Solutions during the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on J. Argus boosted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial began 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 on the stock. Bank of America raised their price target on shares of 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 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 report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.25.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $0.20 during mid-day trading on Thursday, reaching $144.18. 282,528 shares of the company’s stock were exchanged, compared to its average volume of 642,333. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.53 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. 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 50-day moving average price of $147.55 and a two-hundred day moving average price of $137.87.

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

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares in the company, valued at $4,261,068. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the transaction, 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. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions 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.