Shufro Rose & Co. LLC Sells 565 Shares of Jacobs Solutions Inc. (NYSE:J)

Shufro Rose & Co. LLC cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,941 shares of the company’s stock after selling 565 shares during the period. Shufro Rose & Co. LLC’s holdings in Jacobs Solutions were worth $2,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new position in Jacobs Solutions during the third quarter valued at approximately $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at approximately $5,192,000. Wellington Management Group LLP lifted its stake in shares of Jacobs Solutions by 62.7% in the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock valued at $8,328,000 after purchasing an additional 23,509 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Jacobs Solutions by 9.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock valued at $94,452,000 after purchasing an additional 62,259 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Jacobs Solutions by 14.7% in the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after purchasing an additional 10,296 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction 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 in the company, valued at approximately $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions 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 transaction, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock worth $2,393,710 in the last ninety days. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Trading Up 0.5 %

J traded up $0.73 during trading on Friday, hitting $144.91. 391,169 shares of the stock were exchanged, compared to its average volume of 455,361. The firm has a 50 day simple moving average of $147.50 and a 200 day simple moving average of $137.89. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.54 and a beta of 0.73. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. As a group, equities analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Argus raised their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. KeyCorp assumed coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Royal Bank of Canada raised their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Citigroup raised their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.25.

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.