K.J. Harrison & Partners Inc Makes New $260,000 Investment in Jacobs Solutions Inc. (NYSE:J)

K.J. Harrison & Partners Inc purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Pacific Financial purchased a new stake in Jacobs Solutions during the 4th quarter valued at about $27,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $59,000. Global Wealth Strategies & Associates purchased a new position in Jacobs Solutions in the 3rd quarter worth approximately $63,000. Finally, Private Trust Co. NA lifted its position in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after acquiring an additional 87 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.5 %

J traded up $0.73 during trading on Friday, reaching $144.91. The company had a trading volume of 391,169 shares, compared to its average volume of 455,361. 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 52 week low of $109.00 and a 52 week high of $154.50. The stock has a market cap of $18.21 billion, a P/E ratio of 25.88, a PEG ratio of 1.53 and a beta of 0.73. The business has a 50 day simple moving average of $147.50 and a 200-day simple moving average of $137.90.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Insider Buying and Selling at Jacobs Solutions

In related news, 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 value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’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 completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,838 shares of company stock valued at $2,393,710. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on J. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Bank of America increased their price target on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Citigroup upped their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial initiated coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

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.