Running Oak Capital LLC Buys 8,670 Shares of Jacobs Solutions Inc. (NYSE:J)

Running Oak Capital LLC lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,169 shares of the company’s stock after purchasing an additional 8,670 shares during the quarter. Running Oak Capital LLC owned 0.05% of Jacobs Solutions worth $8,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Boston Partners purchased a new position in Jacobs Solutions during the third quarter valued at approximately $106,946,000. Baupost Group LLC MA purchased a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $66,583,000. Third Point LLC lifted its position in Jacobs Solutions by 32.8% during the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after acquiring an additional 445,018 shares during the period. Ceredex Value Advisors LLC lifted its holdings in shares of Jacobs Solutions by 117.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock valued at $79,865,000 after buying an additional 332,053 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Jacobs Solutions by 82.6% during the third quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company’s stock worth $56,141,000 after buying an additional 186,030 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. KeyCorp began coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Citigroup lifted their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

Shares of J stock traded up $1.74 on Thursday, reaching $144.93. The stock had a trading volume of 423,633 shares, compared to its average volume of 632,389. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.52 and a beta of 0.74. 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 12 month low of $109.00 and a 12 month high of $154.50. The firm’s 50-day moving average is $147.40 and its two-hundred day moving average is $138.00.

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, topping analysts’ consensus estimates of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.80%. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of 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 filing with the SEC, which is available at this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were 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 approximately $4,261,068. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.