Commonwealth Equity Services LLC Purchases 9,432 Shares of Jacobs Solutions Inc. (NYSE:J)

Commonwealth Equity Services LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,962 shares of the company's stock after buying an additional 9,432 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of Jacobs Solutions worth $10,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of J. Tlwm grew its holdings in 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 during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Jacobs Solutions by 7.9% in the 4th 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 during the last quarter. American National Bank lifted its holdings in 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 buying an additional 88 shares in the last quarter. Global Financial Private Client LLC boosted its position 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 during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Jacobs Solutions by 3.3% in the 2nd quarter. Fifth Third Bancorp now owns 3,697 shares of the company's stock valued at $517,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on J. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Truist Financial reiterated a "hold" rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. William Blair cut Jacobs Solutions from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 8th. UBS Group increased their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $160.40.

Insider Activity

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company's stock, valued at $6,346,108.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business's 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 sale, the senior vice president now directly owns 26,699 shares of the company's stock, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Insiders have sold 21,516 shares of company stock valued at $3,132,273 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Down 2.0 %

Shares of NYSE:J traded down $2.89 during midday trading on Thursday, reaching $143.94. The company had a trading volume of 676,759 shares, compared to its average volume of 665,146. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The stock has a market cap of $18.02 billion, a PE ratio of 28.35, a P/E/G ratio of 1.73 and a beta of 0.72. 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 business's 50 day moving average price is $144.76 and its 200 day moving average price is $144.27.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its 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 the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. Research analysts forecast that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. Jacobs Solutions's dividend payout ratio (DPR) is 22.39%.

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.