Truist Financial Corp Has $28.45 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Truist Financial Corp raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,202 shares of the company's stock after purchasing an additional 20,448 shares during the quarter. Truist Financial Corp owned 0.17% of Jacobs Solutions worth $28,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of J. Boston Partners acquired a new position in shares of Jacobs Solutions during the 3rd quarter valued at $106,946,000. Baupost Group LLC MA acquired a new position in shares of Jacobs Solutions during the third quarter worth about $66,583,000. Third Point LLC boosted its position in shares of Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company's stock worth $245,700,000 after buying an additional 445,018 shares during the period. Ceredex Value Advisors LLC grew its stake in shares of Jacobs Solutions by 117.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company's stock valued at $79,865,000 after buying an additional 332,053 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Jacobs Solutions by 82.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company's stock valued at $56,141,000 after buying an additional 186,030 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

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

Analyst Ratings Changes

A number of research firms have weighed in on J. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. 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. 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, April 22nd. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Finally, KeyCorp started coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a "sector weight" rating 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. According to MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

Shares of J traded up $0.94 during mid-day trading on Monday, hitting $145.85. The stock had a trading volume of 502,648 shares, compared to its average volume of 637,829. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a market cap of $18.33 billion, a PE ratio of 26.04, a PEG ratio of 1.54 and a beta of 0.73. The company's fifty day simple moving average is $147.47 and its two-hundred day simple moving average is $137.93.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.46. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. On average, equities analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

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.