Asset Management One Co. Ltd. Grows Position in Jacobs Solutions Inc. (NYSE:J)

Asset Management One Co. Ltd. boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,308 shares of the company's stock after buying an additional 4,858 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of Jacobs Solutions worth $9,989,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of J. Central Pacific Bank Trust Division acquired a new position in shares of Jacobs Solutions during the 1st quarter worth about $48,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in Jacobs Solutions by 43.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,613 shares of the company's stock valued at $555,000 after purchasing an additional 1,101 shares in the last quarter. Empirical Finance LLC increased its position in shares of Jacobs Solutions by 3.5% during the 1st quarter. Empirical Finance LLC now owns 4,591 shares of the company's stock worth $706,000 after purchasing an additional 154 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Jacobs Solutions by 2.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,336 shares of the company's stock worth $2,511,000 after purchasing an additional 370 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Jacobs Solutions by 23.5% in the 1st quarter. Empowered Funds LLC now owns 2,925 shares of the company's stock valued at $450,000 after buying an additional 557 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Insider Activity

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on 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 directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company's 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 completion of the transaction, the executive vice president now owns 24,564 shares of the company's stock, valued at $3,688,038.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,516 shares of company stock worth $1,124,533 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

J has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Royal Bank of Canada lifted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Finally, Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.30.

Jacobs Solutions Trading Up 1.1 %

Shares of J stock traded up $1.58 during mid-day trading on Friday, hitting $146.43. The company's stock had a trading volume of 850,893 shares, compared to its average volume of 798,118. The company has a market cap of $18.19 billion, a PE ratio of 28.94, a P/E/G ratio of 1.41 and a beta of 0.71. 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 company's fifty day simple moving average is $143.07 and its 200-day simple moving average is $142.61. Jacobs Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $148.89.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share 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 net margin of 3.72% and a return on equity of 14.76%. Jacobs Solutions's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 EPS. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.79%. Jacobs Solutions's dividend payout ratio (DPR) is presently 22.92%.

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.