Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 42.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,776 shares of the company's stock after buying an additional 32,843 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Jacobs Solutions worth $15,477,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of J. PNC Financial Services Group Inc. increased its holdings in shares of Jacobs Solutions by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company's stock valued at $5,456,000 after acquiring an additional 2,836 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of Jacobs Solutions by 1.5% during the fourth quarter. AGF Management Ltd. now owns 1,216,849 shares of the company's stock valued at $157,947,000 after acquiring an additional 18,484 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company's stock valued at $21,441,000 after acquiring an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Jacobs Solutions by 90.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company's stock valued at $2,417,000 after acquiring an additional 8,848 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. acquired a new position in shares of Jacobs Solutions during the first quarter valued at about $2,626,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J stock traded up $0.56 during midday trading on Thursday, reaching $150.00. The stock had a trading volume of 529,787 shares, compared to its average volume of 661,549. The company's fifty day simple moving average is $143.91 and its 200 day simple moving average is $144.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions's payout ratio is 22.39%.

Wall Street Analyst Weigh In

J has been the topic of several research 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. 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 report on Wednesday, August 14th. StockNews.com downgraded shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 15th. William Blair downgraded shares of Jacobs Solutions from an "outperform" rating to a "market perform" rating in a report on Wednesday, May 8th. Finally, Truist Financial reiterated a "hold" rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $160.40.

Insider Buying and Selling

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company's stock, valued at approximately $3,911,670.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions 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 completion of the transaction, the senior vice president now directly owns 26,699 shares of the company's stock, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the transaction, the insider now directly owns 534,138 shares of the company's stock, valued at $74,747,271.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,451 shares of company stock valued at $3,196,336. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Company 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.

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