Dover Advisors LLC Sells 1,598 Shares of Jacobs Solutions Inc. (NYSE:J)

Dover Advisors LLC trimmed its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,115 shares of the company’s stock after selling 1,598 shares during the quarter. Dover Advisors LLC’s holdings in Jacobs Solutions were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in J. CWM LLC raised its position in shares of Jacobs Solutions by 22.1% during the third quarter. CWM LLC now owns 1,904 shares of the company’s stock worth $260,000 after acquiring an additional 345 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Jacobs Solutions in the third quarter worth approximately $342,000. Czech National Bank increased its holdings in Jacobs Solutions by 46.6% in the third quarter. Czech National Bank now owns 22,008 shares of the company’s stock worth $3,004,000 after purchasing an additional 6,992 shares in the last quarter. Bremer Bank National Association increased its holdings in Jacobs Solutions by 3.8% in the third quarter. Bremer Bank National Association now owns 25,340 shares of the company’s stock worth $3,459,000 after purchasing an additional 916 shares in the last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in Jacobs Solutions in the third quarter worth approximately $63,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on 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, April 22nd. Truist Financial assumed coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. KeyCorp assumed coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s 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 sale, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’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 $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock worth $2,393,710 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

J stock traded up $0.73 during midday trading on Friday, hitting $144.91. The company’s stock had a trading volume of 391,169 shares, compared to its average volume of 455,361. The stock’s 50-day moving average price is $147.50 and its 200 day moving average price is $137.88. 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 Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.54 and a beta of 0.73.

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, topping the consensus estimate of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS 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.