Blair William & Co. IL Sells 55,964 Shares of Jacobs Solutions Inc. (NYSE:J)

Blair William & Co. IL lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 50.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,699 shares of the company’s stock after selling 55,964 shares during the quarter. Blair William & Co. IL’s holdings in Jacobs Solutions were worth $7,782,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $30,000. Quarry LP lifted its holdings in Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions in the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Robert W. Baird cut 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. Truist Financial reissued a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $148.64 on Friday. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The stock’s 50 day simple moving average is $146.13 and its two-hundred day simple moving average is $144.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.63 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $4.39 billion. During the same period in the prior year, the firm earned $1.82 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.78%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the 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 completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. In the last ninety 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 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.