Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 63.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,348 shares of the company's stock after purchasing an additional 14,116 shares during the period. Van ECK Associates Corp's holdings in Jacobs Solutions were worth $5,078,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at $27,000. Bruce G. Allen Investments LLC boosted its holdings in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock valued at $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC acquired a new position in Jacobs Solutions during the 4th quarter worth $30,000. Finally, Union Savings Bank increased its holdings in 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 purchasing an additional 125 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded down $0.32 during midday trading on Wednesday, reaching $146.83. The company's stock had a trading volume of 529,954 shares, compared to its average volume of 665,078. The firm has a market capitalization of $18.39 billion, a PE ratio of 28.35, a P/E/G ratio of 1.73 and a beta of 0.72. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The stock's 50 day simple moving average is $144.76 and its 200 day simple moving average is $144.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14.

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

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. Jacobs Solutions's dividend payout ratio (DPR) is 22.39%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on J shares. StockNews.com downgraded Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 15th. UBS Group increased their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Robert W. Baird cut their price objective 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. Truist Financial restated 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. Finally, William Blair lowered shares of Jacobs Solutions from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.40.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock worth $3,132,273 in the last ninety days. Insiders own 1.00% of the company's stock.

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.