Jacobs Solutions Inc. (NYSE:J) Holdings Increased by Telos Capital Management Inc.

Telos Capital Management Inc. grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,910 shares of the company's stock after buying an additional 3,931 shares during the quarter. Jacobs Solutions makes up 1.3% of Telos Capital Management Inc.'s portfolio, making the stock its 20th biggest holding. Telos Capital Management Inc. owned 0.07% of Jacobs Solutions worth $12,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tlwm boosted its stake in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company's stock worth $845,000 after acquiring an additional 74 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Jacobs Solutions by 7.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company's stock worth $133,000 after purchasing an additional 75 shares in the last quarter. American National Bank raised its position in shares of Jacobs Solutions by 1.4% during the 2nd quarter. American National Bank now owns 6,488 shares of the company's stock worth $906,000 after purchasing an additional 88 shares during the last quarter. Global Financial Private Client LLC lifted its stake in Jacobs Solutions by 2.6% in the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company's stock valued at $551,000 after buying an additional 100 shares in the last quarter. Finally, Advisors Management Group Inc. ADV increased its stake in Jacobs Solutions by 1.5% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 7,053 shares of the company's stock worth $985,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on J. Robert W. Baird decreased their target price on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada raised their target price 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. UBS Group lifted 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. 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 target price (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $160.40.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the sale, the insider now directly owns 541,138 shares of the company's stock, valued at $75,450,871.34. The sale was disclosed in a 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 stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction 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 $3,911,670.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the transaction, the insider now directly owns 541,138 shares of the company's stock, valued at $75,450,871.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,451 shares of company stock valued at $3,196,336. Insiders own 1.00% of the company's stock.

Jacobs Solutions Stock Performance

J traded up $0.88 on Friday, reaching $150.88. The company had a trading volume of 830,758 shares, compared to its average volume of 684,097. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $154.50. The stock has a market capitalization of $18.75 billion, a PE ratio of 29.13, a P/E/G ratio of 1.73 and a beta of 0.70. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $144.28 and a 200-day moving average price of $144.23.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting analysts' consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.39 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Jacobs Solutions's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued 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 0.77%. Jacobs Solutions's payout ratio is 22.39%.

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.