State Street Corp. Amends Jacobs Solutions Stake
Ticker: J · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 52988
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Jacobs Solutions stock, a good sign for investors.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of Jacobs Solutions Inc. common stock as of December 31, 2023. This filing indicates that State Street Corporation holds a significant, though passive, stake in Jacobs Solutions Inc., a company specializing in heavy construction. For investors, this matters because large institutional holdings like State Street's can provide a degree of stability and confidence in the stock, as it suggests a major player sees long-term value.
Why It Matters
This filing shows a major institutional investor, State Street Corporation, continues to hold a significant position in Jacobs Solutions Inc., signaling ongoing confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate risks or changes in company operations.
Analyst Insight
Investors should note that a major institutional investor like State Street Corporation continues to hold a position in Jacobs Solutions Inc., which can be a positive signal for long-term stability, but this filing alone doesn't suggest immediate buying or selling action.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Jacobs Solutions Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in Jacobs Solutions Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly identified under 'NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is JACOBS SOLUTIONS INC., as indicated by 'NAME OF ISSUER: JACOBS SOLUTIONS INC'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Jacobs Solutions Inc. is 46982L108, as listed under 'CUSIP NUMBER: 46982L108'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 12/31/2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding JACOBS SOLUTIONS INC. (J).