Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Creative Planning

Creative Planning lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 31,752 shares of the company’s stock after purchasing an additional 643 shares during the quarter. Creative Planning’s holdings in Jacobs Solutions were worth $4,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. Quarry LP raised its position in shares of Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at approximately $48,000. Finally, LRI Investments LLC purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at approximately $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,516 shares of company stock worth $2,152,693. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday. They set a “buy” rating on the stock. Truist Financial reissued a “hold” rating and issued a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. UBS Group boosted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Five 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 an average target price of $161.67.

Jacobs Solutions Stock Up 2.8 %

Jacobs Solutions stock opened at $138.91 on Friday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $156.31. The stock’s fifty day simple moving average is $145.51 and its 200-day simple moving average is $143.88. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.39 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. As a group, equities analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.84%. Jacobs Solutions’s payout ratio is currently 22.39%.

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.