Lathrop Investment Management Corp Has $18.21 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Lathrop Investment Management Corp lowered its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,318 shares of the company’s stock after selling 170 shares during the period. Jacobs Solutions comprises about 3.7% of Lathrop Investment Management Corp’s portfolio, making the stock its 5th largest holding. Lathrop Investment Management Corp owned 0.11% of Jacobs Solutions worth $18,213,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in J. Stratos Wealth Partners LTD. lifted its stake in Jacobs Solutions by 0.9% in the third quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock valued at $1,276,000 after acquiring an additional 86 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after buying an additional 87 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Jacobs Solutions by 11.4% during the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after buying an additional 91 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of Jacobs Solutions by 2.8% during the 3rd quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock worth $468,000 after buying an additional 93 shares during the last quarter. Finally, Souders Financial Advisors lifted its stake in shares of Jacobs Solutions by 2.3% during the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock worth $565,000 after buying an additional 96 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J stock traded up $0.73 during mid-day trading on Friday, hitting $144.91. The stock had a trading volume of 391,169 shares, compared to its average volume of 455,361. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50. The firm has a market capitalization of $18.21 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.53 and a beta of 0.73. The firm has a fifty day simple moving average of $147.50 and a 200 day simple moving average of $137.90.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the firm earned $1.67 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Insider Transactions at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the business’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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’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. In the last 90 days, insiders have sold 15,838 shares of company stock worth $2,393,710. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on J. Citigroup raised their target price 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. Truist Financial initiated coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. Bank of America raised their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, KeyCorp initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Five equities 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, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

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.