&Partners Acquires New Shares in Jacobs Solutions Inc. (NYSE:J)

&PARTNERS bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,618 shares of the company's stock, valued at approximately $366,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $27,000. Bruce G. Allen Investments LLC increased its position 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 worth $29,000 after purchasing an additional 171 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $30,000. Union Savings Bank boosted its stake in shares of Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company's stock worth $37,000 after acquiring an additional 125 shares during the period. Finally, Northwest Financial Advisors bought a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Robert W. Baird reduced 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 reiterated a "hold" rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. StockNews.com downgraded Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada boosted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus price target of $160.40.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $0.38 during trading on Friday, reaching $149.00. 508,157 shares of the company's stock were exchanged, compared to its average volume of 666,553. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The company has a market cap of $18.66 billion, a P/E ratio of 28.76, a PEG ratio of 1.67 and a beta of 0.70. The firm's 50-day moving average price is $143.37 and its 200 day moving average price is $144.03.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.39 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions's dividend payout ratio (DPR) is presently 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the transaction, the insider now owns 527,138 shares in the company, valued at $77,426,029.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was 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 approximately $3,911,670.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,451 shares of company stock worth $3,196,336. 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.