Jacobs Solutions Inc. (NYSE:J) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 799,128 shares of the company's stock after selling 4,612 shares during the period. Bank of New York Mellon Corp owned about 0.64% of Jacobs Solutions worth $111,646,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the 2nd quarter valued at $26,000. GAMMA Investing LLC purchased a new stake in Jacobs Solutions during the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC boosted its position in 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 during the period. ICA Group Wealth Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth about $30,000. Finally, Union Savings Bank lifted its position in shares of Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company's stock worth $37,000 after purchasing an additional 125 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J traded down $0.54 on Wednesday, reaching $149.44. The company's stock had a trading volume of 376,541 shares, compared to its average volume of 662,343. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $18.71 billion, a P/E ratio of 28.85, a PEG ratio of 1.67 and a beta of 0.70. The stock's 50 day simple moving average is $143.74 and its two-hundred day simple moving average is $144.11. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.83% and a return on equity of 14.59%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the firm posted $1.82 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. Research analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, July 26th. Jacobs Solutions's dividend payout ratio is currently 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the business's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, the insider now owns 541,138 shares of the company's stock, valued at $75,450,871.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business's stock in a transaction on Friday, August 16th. The shares were 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 $3,911,670.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the business's stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the sale, the insider now owns 541,138 shares in the company, valued at approximately $75,450,871.34. The disclosure for this sale can be found here. Insiders have sold 22,451 shares of company stock valued at $3,196,336 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on J shares. Truist Financial reaffirmed a "hold" rating and issued a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. UBS Group increased their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. StockNews.com lowered shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 15th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.40.

About Jacobs Solutions

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.