Jacobs Solutions Inc. (NYSE:J) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in Jacobs Solutions Inc. (NYSE:J) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,684,386 shares of the company’s stock after selling 39,736 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Jacobs Solutions were worth $235,326,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC grew its stake in shares of 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 acquiring an additional 171 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter valued at about $30,000. Union Savings Bank grew its stake in shares of 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 acquiring an additional 125 shares in the last quarter. Finally, Quarry LP grew its stake in shares of 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 acquiring an additional 159 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 0.1 %

NYSE:J opened at $144.94 on Wednesday. The company has a market cap of $18.15 billion, a PE ratio of 27.98, 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 company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $145.73 and its two-hundred day moving average is $144.07.

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

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,516 shares of company stock valued at $3,132,273. Insiders own 1.00% of the company’s stock.

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.