Jacobs Solutions Inc. (NYSE:J) Shares Bought by Everett Harris & Co. CA

Everett Harris & Co. CA lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,796 shares of the company’s stock after purchasing an additional 20,550 shares during the period. Everett Harris & Co. CA owned about 0.07% of Jacobs Solutions worth $10,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at approximately $27,000. Clear Street Markets LLC raised its holdings in Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock valued at $29,000 after acquiring an additional 121 shares in the last quarter. Park Place Capital Corp raised its holdings in Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after acquiring an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Jacobs Solutions during the 3rd quarter worth $42,000. Finally, Quilter Plc bought a new stake in Jacobs Solutions in the first quarter valued at about $349,536,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 1.7 %

NYSE J traded up $2.52 on Wednesday, hitting $152.90. 600,374 shares of the company were exchanged, compared to its average volume of 696,398. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $153.01. The firm has a market capitalization of $19.21 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. The company’s 50 day moving average price is $143.80 and its 200-day moving average price is $135.84.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.20% and a return on equity of 14.57%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. Analysts predict that Jacobs Solutions Inc. will post 8.06 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.76%. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was 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 $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the sale, the executive vice president now directly owns 57,233 shares in the company, valued at $8,527,717. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp initiated coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Argus boosted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Truist Financial assumed 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 for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.27.

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.