K.J. Harrison & Partners Inc Takes $260,000 Position in Jacobs Solutions Inc. (NYSE:J)

K.J. Harrison & Partners Inc bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, Holdings Channel reports. The firm bought 2,000 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors have also recently bought and sold shares of J. GAMMA Investing LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at $27,000. First Pacific Financial bought a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Jacobs Solutions during the fourth quarter worth about $59,000. Global Wealth Strategies & Associates bought a new position in Jacobs Solutions during the third quarter valued at about $63,000. Finally, Private Trust Co. NA raised its holdings 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. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In related news, CFO Kevin C. Berryman sold 1,500 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 transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly 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 SEC, which can be accessed through the SEC website. In other news, 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 transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’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 $229,800.00. Following the completion of 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. Over the last ninety days, insiders have sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Price Performance

Shares of NYSE 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 debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50 day moving average price is $147.50 and its 200-day moving average price is $137.90. 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 PE ratio of 25.88, a PEG ratio of 1.53 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last announced 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 firm had revenue of $4.20 billion during 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 company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. Analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Argus upped their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Bank of America increased their price objective 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. Citigroup lifted their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. 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. Finally, Royal Bank of Canada lifted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.