Mizuho Securities USA LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 978.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,100 shares of the company's stock after acquiring an additional 94,448 shares during the quarter. Mizuho Securities USA LLC owned about 0.08% of Jacobs Solutions worth $13,627,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. Boston Partners raised its holdings in shares of Jacobs Solutions by 27.9% in the 1st quarter. Boston Partners now owns 3,697,086 shares of the company's stock valued at $567,436,000 after buying an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock worth $464,736,000 after buying an additional 192,166 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock valued at $169,366,000 after acquiring an additional 127,605 shares in the last quarter. American Century Companies Inc. raised its position in Jacobs Solutions by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company's stock valued at $88,418,000 after purchasing an additional 67,821 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in Jacobs Solutions by 5.5% in the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company's stock worth $84,098,000 after acquiring an additional 31,225 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Royal Bank of Canada lifted their target price 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. Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Finally, Robert W. Baird reduced their price target on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $159.30.
View Our Latest Research Report on Jacobs Solutions
Insider Buying and Selling at Jacobs Solutions
In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Jacobs Solutions Stock Down 0.4 %
J stock traded down $0.60 during midday trading on Friday, hitting $140.01. 1,032,468 shares of the company's stock were exchanged, compared to its average volume of 645,087. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $150.54. The firm has a 50 day moving average price of $142.85 and a 200-day moving average price of $142.62.
Jacobs Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's payout ratio is 22.92%.
Jacobs Solutions Company Profile
(
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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