Inspire Advisors LLC Acquires Shares of 1,483 Jacobs Solutions Inc. (NYSE:J)

Inspire Advisors LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,483 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital World Investors boosted its holdings in Jacobs Solutions by 0.8% in the 4th quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock worth $830,561,000 after buying an additional 49,545 shares during the last quarter. Boston Partners raised its stake in Jacobs Solutions by 27.9% in the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after purchasing an additional 805,657 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Jacobs Solutions by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,089,158 shares of the company’s stock valued at $141,375,000 after purchasing an additional 19,541 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Jacobs Solutions by 20.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 826,336 shares of the company’s stock worth $107,258,000 after purchasing an additional 137,604 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Jacobs Solutions by 12.0% during the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after buying an additional 67,821 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.0 %

NYSE J opened at $143.96 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $18.03 billion, a P/E ratio of 27.79, a PEG ratio of 1.63 and a beta of 0.72. The firm’s 50-day moving average is $145.42 and its two-hundred day moving average is $144.10. Jacobs Solutions Inc. has a 12 month low of $120.71 and a 12 month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the business posted $1.82 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s payout ratio is 22.39%.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock worth $3,132,273 in the last three months. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

J has been the topic of several research reports. Truist Financial reissued a “hold” rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group lifted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird lowered 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

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.