Johnson Investment Counsel Inc. Purchases New Holdings in Jacobs Solutions Inc. (NYSE:J)

Johnson Investment Counsel Inc. purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,442 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in Jacobs Solutions during the second quarter valued at $26,000. Bruce G. Allen Investments LLC grew its holdings in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC bought a new position in Jacobs Solutions during the fourth quarter valued at $30,000. Union Savings Bank grew its holdings in Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Finally, Quarry LP grew its holdings in Jacobs Solutions by 108.9% during the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after purchasing an additional 159 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

J has been the subject of several research reports. Robert W. Baird reduced their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. UBS Group raised their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada raised their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Finally, StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $161.67.

Jacobs Solutions Price Performance

NYSE:J opened at $143.96 on Monday. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.63 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The stock has a fifty day moving average of $145.42 and a 200 day moving average of $144.10. 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 (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion during 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 firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. On average, research analysts expect that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following 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 document filed with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the transaction, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. The disclosure for this sale can be found here. Insiders have sold 21,516 shares of company stock worth $3,132,273 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions 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.