Louisiana State Employees Retirement System Acquires Shares of 7,600 Jacobs Solutions Inc. (NYSE:J)

Louisiana State Employees Retirement System acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,600 shares of the company’s stock, valued at approximately $986,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Jacobs Solutions by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock worth $447,339,000 after purchasing an additional 14,821 shares during the last quarter. Third Point LLC lifted its position in shares of Jacobs Solutions by 32.8% during the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares during the last quarter. Invesco Ltd. lifted its position in shares of Jacobs Solutions by 0.4% during the third quarter. Invesco Ltd. now owns 1,714,552 shares of the company’s stock worth $234,036,000 after purchasing an additional 7,548 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Jacobs Solutions by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 869,567 shares of the company’s stock worth $118,696,000 after acquiring an additional 10,427 shares during the period. Finally, Boston Partners acquired a new stake in Jacobs Solutions during the third quarter worth about $106,946,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Jacobs Solutions Trading Down 0.4 %

Jacobs Solutions stock opened at $143.98 on Thursday. The company has a 50 day moving average price of $147.61 and a 200 day moving average price of $137.82. 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 quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.53 and a beta of 0.73.

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

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 in the last quarter. Company insiders own 1.00% of the company’s stock.

About Jacobs Solutions

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.