Christopher M.T. Thompson Sells 1,898 Shares of Jacobs Solutions Inc. (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $147.15 on Wednesday. The business’s 50-day simple moving average is $144.60 and its 200-day simple moving average is $144.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 1.73 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is 22.39%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on J shares. Robert W. Baird lowered their price objective 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. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, UBS Group raised their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.40.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds have recently bought and sold shares of the company. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions in the second quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in Jacobs Solutions in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC increased its position in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $30,000. Finally, Union Savings Bank lifted its holdings in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.