Steven J. Demetriou Sells 7,000 Shares of Jacobs Solutions Inc. (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jacobs Solutions Trading Up 0.5 %

Shares of J opened at $138.49 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. Jacobs Solutions Inc. has a 1-year low of $118.81 and a 1-year high of $154.50. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The firm has a 50 day simple moving average of $139.91 and a 200-day simple moving average of $140.71.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results 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 return on equity of 14.59% and a net margin of 3.83%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. Equities analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 24th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analyst Weigh In

Several analysts have recently commented on J shares. Argus raised their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America raised their price target on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.82.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Jacobs Solutions by 1.9% in the third quarter. FMR LLC now owns 66,592 shares of the company’s stock valued at $9,090,000 after purchasing an additional 1,241 shares during the period. LPL Financial LLC boosted its holdings in Jacobs Solutions by 40.4% in the third quarter. LPL Financial LLC now owns 47,739 shares of the company’s stock valued at $6,516,000 after acquiring an additional 13,730 shares during the last quarter. Synovus Financial Corp acquired a new position in Jacobs Solutions in the third quarter valued at $205,000. Gotham Asset Management LLC increased its stake in Jacobs Solutions by 17.9% during the third quarter. Gotham Asset Management LLC now owns 18,049 shares of the company’s stock worth $2,464,000 after acquiring an additional 2,741 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $643,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.