In the last quarter of 2024, Seth Klarman's Baupost Group engaged in a series of strategic trades, divesting all 419,765 shares in Jacobs Solutions while significantly increasing its stake in Ferguson Enterprises. The hedge fund executed 19 moves, including four new purchases, and sold out of six stocks. Notably, Ferguson became a top holding after a purchase of 1.13 million shares. Meanwhile, analyst Louis DiPalma raised concerns over Jacobs' growth strategy, indicating potential challenges in meeting future goals as outlined in their 'Challenge Accepted' initiative.
In the final quarter of 2024, Baupost Group made significant moves, primarily selling shares of Jacobs Solutions and acquiring a large stake in Ferguson Enterprises.
Analyst Louis DiPalma has expressed skepticism about Jacobs Solutions' growth strategy, suggesting that the goals set by the company may not be achievable.
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