Goldman Sachs Group Inc. Sells 8,196 Shares of Jacobs Solutions Inc. (NYSE:J)

Goldman Sachs Group Inc. lowered its position in Jacobs Solutions Inc. (NYSE:J) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,768 shares of the company’s stock after selling 8,196 shares during the period. Goldman Sachs Group Inc. owned approximately 0.22% of Jacobs Solutions worth $36,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $207,000. Raleigh Capital Management Inc. purchased a new stake in Jacobs Solutions during the 4th quarter worth approximately $237,000. Quarry LP grew its position in Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the last quarter. Security National Bank of SO Dak grew its position in Jacobs Solutions by 0.9% during the 4th quarter. Security National Bank of SO Dak now owns 23,380 shares of the company’s stock worth $3,035,000 after purchasing an additional 210 shares during the last quarter. Finally, Barden Capital Management Inc. purchased a new stake in Jacobs Solutions during the 4th quarter worth approximately $268,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J opened at $140.96 on Friday. 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 firm has a fifty day moving average price of $140.77 and a 200 day moving average price of $140.02. Jacobs Solutions Inc. has a 1 year low of $114.09 and a 1 year high of $154.50. The stock has a market cap of $17.65 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.62 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 earnings per share. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insiders Place Their Bets

In other news, 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 owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, 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 owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,000 shares of company stock worth $3,503,195. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on J shares. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Bank of America upped their price objective 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. Finally, Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and nine have given 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.

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.