Vest Financial LLC Increases Position in Jacobs Solutions Inc. (NYSE:J)

Vest Financial LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 28.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,115 shares of the company’s stock after buying an additional 2,244 shares during the period. Vest Financial LLC’s holdings in Jacobs Solutions were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its stake in shares of Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after purchasing an additional 411,123 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after buying an additional 137,213 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of Jacobs Solutions by 7,306.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after buying an additional 136,187 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities 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 note on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Finally, Truist Financial cut their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.60.

Jacobs Solutions Stock Up 0.6 %

Shares of NYSE:J opened at $143.90 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.39 and a beta of 0.72. The stock’s 50-day moving average price is $144.64 and its two-hundred day moving average price is $142.90. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $143.96.

Jacobs Solutions (NYSE:J) last released its 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. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the company earned $1.82 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Insider Activity at Jacobs Solutions

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the business’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 completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were 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 of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is owned by insiders.

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.