TD Asset Management Inc grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 319,083 shares of the company's stock after acquiring an additional 39,211 shares during the quarter. TD Asset Management Inc owned 0.25% of Jacobs Solutions worth $44,579,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Boston Partners boosted its position in Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company's stock valued at $375,623,000 after purchasing an additional 2,106,589 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Jacobs Solutions by 134.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company's stock valued at $215,215,000 after buying an additional 951,369 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Jacobs Solutions by 14,897.6% in the fourth quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company's stock valued at $41,737,000 after buying an additional 319,404 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Jacobs Solutions by 63.1% during the fourth quarter. Corient Private Wealth LLC now owns 566,841 shares of the company's stock worth $73,576,000 after buying an additional 219,221 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Jacobs Solutions in the first quarter valued at $29,239,000. 85.65% of the stock is owned by institutional investors.
Jacobs Solutions Stock Performance
NYSE:J traded down $2.03 during mid-day trading on Friday, reaching $141.91. 593,589 shares of the company's stock were exchanged, compared to its average volume of 664,558. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The business's fifty day simple moving average is $144.89 and its two-hundred day simple moving average is $144.23. The firm has a market capitalization of $17.77 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72.
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. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. Analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.
Jacobs Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders 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 dividend yield of 0.82%. The ex-dividend date was Friday, July 26th. Jacobs Solutions's dividend payout ratio (DPR) is presently 22.39%.
Insider Buying and Selling
In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm's stock in a transaction on Friday, August 16th. The stock was 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 approximately $3,911,670.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the 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 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 legal filing with the SEC, which is available through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm's stock in a transaction that occurred on 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 owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,516 shares of company stock worth $3,132,273. Corporate insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
J has been the topic of several recent analyst reports. Robert W. Baird lowered their price objective 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. UBS Group upped their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. StockNews.com downgraded Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 15th. Truist Financial restated a "hold" rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Finally, 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. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.40.
Check Out Our Latest Stock Analysis on Jacobs Solutions
About Jacobs Solutions
(
Free Report)
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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