Pine Valley Investments Ltd Liability Co Has $2.83 Million Position in Jacobs Solutions Inc. (NYSE:J)

Pine Valley Investments Ltd Liability Co lifted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 20.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,221 shares of the company's stock after acquiring an additional 3,407 shares during the quarter. Pine Valley Investments Ltd Liability Co's holdings in Jacobs Solutions were worth $2,825,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC purchased a new position in Jacobs Solutions in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC boosted its position in Jacobs Solutions by 427.5% in 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 position in Jacobs Solutions in the 4th quarter valued at approximately $30,000. Finally, Union Savings Bank boosted its position in Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company's stock valued at $37,000 after buying an additional 125 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of the business's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares of the company's stock, valued at $74,747,271.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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 of the company's stock, valued at $3,911,670.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,451 shares of company stock valued at $3,196,336. Corporate insiders own 1.00% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $0.88 on Friday, reaching $150.88. 830,758 shares of the stock were exchanged, compared to its average volume of 662,556. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. 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 business has a fifty day moving average price of $144.28 and a two-hundred day moving average price of $144.23. The firm has a market capitalization of $18.89 billion, a PE ratio of 29.13, a PEG ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly 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 net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the business posted $1.82 earnings per share. The business's revenue 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 fiscal year.

Jacobs Solutions Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Truist Financial reaffirmed a "hold" rating and set a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. William Blair cut shares of Jacobs Solutions from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 8th. Finally, StockNews.com cut shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.