Dynamic Technology Lab Private Ltd bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,674 shares of the company’s stock, valued at approximately $477,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Jacobs Solutions by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock worth $447,339,000 after purchasing an additional 14,821 shares during the last quarter. Boston Partners lifted its holdings in shares of Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after buying an additional 2,106,589 shares in the last quarter. Ninety One UK Ltd raised its holdings in Jacobs Solutions by 5.9% in the 4th quarter. Ninety One UK Ltd now owns 2,044,031 shares of the company’s stock valued at $265,315,000 after acquiring an additional 114,076 shares in the last quarter. Third Point LLC increased its stake in Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after acquiring an additional 445,018 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Jacobs Solutions by 0.4% during the 3rd quarter. Invesco Ltd. now owns 1,714,552 shares of the company’s stock worth $234,036,000 after acquiring an additional 7,548 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Jacobs Solutions
In related news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the transaction, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold 22,486 shares of company stock worth $3,344,599 in the last ninety days. Company insiders own 1.00% of the company’s stock.
Jacobs Solutions Stock Performance
NYSE J opened at $140.50 on Friday. The stock’s 50 day simple moving average is $144.84 and its 200-day simple moving average is $138.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $17.59 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.60 and a beta of 0.74. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50.
Jacobs Solutions (NYSE:J – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business posted $1.81 EPS. Jacobs Solutions’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 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. Stockholders of record on Friday, May 24th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on J. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Truist Financial dropped their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Citigroup increased their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Bank of America upped 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $156.82.
Check Out Our Latest Research Report on J
Jacobs Solutions Company Profile
(Free Report)
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.
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