Marks Group Wealth Management Inc grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,074 shares of the company's stock after buying an additional 7,695 shares during the quarter. Marks Group Wealth Management Inc owned 0.05% of Jacobs Solutions worth $8,387,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions in the second quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock valued at $29,000 after purchasing an additional 171 shares during the period. LRI Investments LLC acquired a new stake in Jacobs Solutions in the first quarter valued at $48,000. Central Pacific Bank Trust Division acquired a new stake in Jacobs Solutions in the first quarter valued at $48,000. Finally, GAMMA Investing LLC raised its holdings in Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after acquiring an additional 145 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Jacobs Solutions
In related news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated 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 in the company, valued at $3,688,038.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 7,516 shares of company stock worth $1,124,533 in the last 90 days. Corporate insiders own 1.00% of the company's stock.
Jacobs Solutions Stock Performance
Shares of J stock traded up $5.93 during trading hours on Wednesday, reaching $147.62. The stock had a trading volume of 737,223 shares, compared to its average volume of 642,427. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $148.89. The firm has a 50-day simple moving average of $143.17 and a 200-day simple moving average of $142.59. The firm has a market capitalization of $18.34 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71.
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, 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 business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.39 billion. During the same quarter last year, the company earned $1.82 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.
Jacobs Solutions Announces Dividend
The business 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. The ex-dividend date of this dividend 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 is presently 22.92%.
Wall Street Analysts Forecast Growth
J has been the topic of several recent analyst reports. Robert W. Baird cut their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Truist Financial cut their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a report on Friday, October 4th. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Finally, UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $159.30.
Read Our Latest Analysis on J
About Jacobs Solutions
(
Free Report)
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.
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