Louisiana State Employees Retirement System Takes Position in Jacobs Solutions Inc. (NYSE:J)

Louisiana State Employees Retirement System bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 7,600 shares of the company's stock, valued at approximately $986,000.

Several other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC grew its position in Jacobs Solutions by 0.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 79,458 shares of the company's stock valued at $10,314,000 after acquiring an additional 641 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Jacobs Solutions in the 4th quarter valued at about $59,000. Perigon Wealth Management LLC boosted its stake in shares of Jacobs Solutions by 8.0% in the 4th quarter. Perigon Wealth Management LLC now owns 2,238 shares of the company's stock valued at $290,000 after buying an additional 166 shares during the period. Kennedy Investment Group purchased a new position in shares of Jacobs Solutions in the 4th quarter valued at about $848,000. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of Jacobs Solutions by 7.9% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 19,324 shares of the company's stock valued at $2,509,000 after buying an additional 1,422 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Argus lifted 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. KeyCorp initiated coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a "sector weight" rating for the company. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J stock traded up $0.20 on Thursday, reaching $144.18. 282,528 shares of the company's stock were exchanged, compared to its average volume of 642,333. The stock has a fifty day moving average of $147.61 and a 200-day moving average of $137.82. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $154.50. The firm has a market cap of $18.12 billion, a PE ratio of 25.58, a P/E/G ratio of 1.53 and a beta of 0.73. 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 (NYSE:J - Get Free Report) last posted its 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. The company had revenue of $4.20 billion for 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. As a group, equities analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick Hill sold 5,486 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the transaction, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock worth $2,393,710 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.