Strategic Advisors LLC Trims Stock Position in Jacobs Solutions Inc. (NYSE:J)

Strategic Advisors LLC cut its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,531 shares of the company’s stock after selling 335 shares during the period. Strategic Advisors LLC’s holdings in Jacobs Solutions were worth $1,627,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in J. Third Point LLC increased its position in shares of Jacobs Solutions by 629.4% during the second quarter. Third Point LLC now owns 1,354,982 shares of the company’s stock valued at $161,094,000 after acquiring an additional 1,169,217 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Jacobs Solutions by 1,162.8% during the first quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock valued at $119,449,000 after acquiring an additional 798,125 shares during the last quarter. Boston Partners acquired a new position in shares of Jacobs Solutions in the third quarter valued at approximately $106,946,000. Select Equity Group L.P. grew its holdings in shares of Jacobs Solutions by 12.6% in the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after purchasing an additional 529,557 shares in the last quarter. Finally, Baupost Group LLC MA acquired a new position in shares of Jacobs Solutions in the third quarter valued at approximately $66,583,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $817,414.00. Following the completion of the sale, the executive vice president now owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of a number of research reports. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Argus lifted their price objective 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. 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 report on Wednesday, February 7th. Finally, Truist Financial initiated coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.27.

Jacobs Solutions Stock Up 0.5 %

NYSE J traded up $0.80 on Friday, hitting $153.73. 496,695 shares of the stock were exchanged, compared to its average volume of 515,681. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. 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 market cap of $19.32 billion, a PE ratio of 27.45, a PEG ratio of 1.63 and a beta of 0.73. The company has a 50-day moving average price of $145.12 and a 200-day moving average price of $136.24.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.46. The business 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 company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 8.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s payout ratio is currently 20.71%.

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.