Evolution Advisers Inc. Buys Shares of 600 Jacobs Solutions Inc. (NYSE:J)

Evolution Advisers Inc. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, HoldingsChannel reports. The firm bought 600 shares of the company’s stock, valued at approximately $77,000.

Other hedge funds have also bought and sold shares of the company. First Pacific Financial purchased a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $27,000. GAMMA Investing LLC purchased a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $27,000. Park Place Capital Corp raised its stake in shares of Jacobs Solutions by 473.9% during the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after acquiring an additional 218 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $59,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of Jacobs Solutions during the third quarter worth approximately $63,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on J. Truist Financial began coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. Citigroup lifted their price target 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 lifted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Argus lifted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Insiders Place Their Bets

In other Jacobs Solutions 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 completion of the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated 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 completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total value 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 $4,261,068. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last three months. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.20 during midday trading on Thursday, reaching $144.18. 282,528 shares of the stock traded hands, compared to its average volume of 642,333. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $18.12 billion, a PE ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 0.73. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The company’s 50 day moving average is $147.55 and its 200 day moving average is $137.87.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion during 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 revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share 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.