Jacobs Solutions Inc. (NYSE:J) is Lathrop Investment Management Corp’s 5th Largest Position

Lathrop Investment Management Corp decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 140,318 shares of the company’s stock after selling 170 shares during the period. Jacobs Solutions comprises about 3.7% of Lathrop Investment Management Corp’s portfolio, making the stock its 5th largest holding. Lathrop Investment Management Corp’s holdings in Jacobs Solutions were worth $18,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. Bank OZK lifted its position in Jacobs Solutions by 1.6% during the fourth quarter. Bank OZK now owns 13,367 shares of the company’s stock valued at $1,735,000 after buying an additional 212 shares during the period. Russell Investments Group Ltd. lifted its position in Jacobs Solutions by 206.3% during the fourth quarter. Russell Investments Group Ltd. now owns 44,922 shares of the company’s stock valued at $5,831,000 after buying an additional 30,257 shares during the period. Headlands Technologies LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at $93,000. Truist Financial Corp lifted its position in Jacobs Solutions by 10.3% during the fourth quarter. Truist Financial Corp now owns 219,202 shares of the company’s stock valued at $28,452,000 after buying an additional 20,448 shares during the period. Finally, K.J. Harrison & Partners Inc purchased a new position in Jacobs Solutions during the fourth quarter valued at $260,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on J. KeyCorp began coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Truist Financial began coverage on Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Citigroup lifted their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Argus lifted their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.25.

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 SEC, which can be accessed through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 SEC, which can be accessed through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares in the company, valued at $8,527,717. The disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock valued at $2,393,710 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock traded up $0.73 during trading hours on Friday, reaching $144.91. 391,169 shares of the company traded hands, compared to its average volume of 455,361. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month 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 company 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 moving average price of $147.50 and a 200 day moving average price of $137.90.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data 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 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 previous year, the firm earned $1.67 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal 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.