SFE Investment Counsel Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

SFE Investment Counsel increased its stake in Jacobs Solutions Inc. (NYSE:J) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 31,786 shares of the company’s stock after buying an additional 1,841 shares during the period. SFE Investment Counsel’s holdings in Jacobs Solutions were worth $4,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in Jacobs Solutions by 1,162.8% in the first quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after acquiring an additional 798,125 shares during the period. Boston Partners bought a new position in Jacobs Solutions in the third quarter worth approximately $106,946,000. Select Equity Group L.P. raised its position in shares of Jacobs Solutions by 12.6% during the 1st 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 during the period. Baupost Group LLC MA bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at $66,583,000. Finally, Third Point LLC raised its position in shares of Jacobs Solutions by 32.8% during the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after purchasing an additional 445,018 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.2 %

Shares of J stock traded up $0.34 during trading hours on Thursday, reaching $143.31. 111,767 shares of the stock were exchanged, compared to its average volume of 659,926. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $147.64 and its 200-day moving average price is $137.51. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 22nd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s payout ratio is 20.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Royal Bank of Canada lifted their price target 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. Argus lifted 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 began coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target on the stock. Finally, Bank of America lifted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.08.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the company’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 completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.