Paralel Advisors LLC Invests $2.08 Million in Jacobs Solutions Inc. (NYSE:J)

Paralel Advisors LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,849 shares of the company's stock, valued at approximately $2,075,000.

A number of other institutional investors have also recently made changes to their positions in J. Hudson Edge Investment Partners Inc. boosted its stake in shares of Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock worth $834,000 after buying an additional 82 shares during the last quarter. MainStreet Investment Advisors LLC boosted its position in Jacobs Solutions by 1.7% in the second quarter. MainStreet Investment Advisors LLC now owns 22,885 shares of the company's stock worth $3,197,000 after purchasing an additional 376 shares during the last quarter. Hahn Capital Management LLC boosted its position in Jacobs Solutions by 33.5% in the second quarter. Hahn Capital Management LLC now owns 78,967 shares of the company's stock worth $11,032,000 after purchasing an additional 19,820 shares during the last quarter. Chris Bulman Inc bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at about $247,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Jacobs Solutions by 19.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 58,786 shares of the company's stock valued at $8,213,000 after purchasing an additional 9,387 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Down 1.4 %

J stock traded down $2.03 during midday trading on Friday, reaching $141.91. 593,589 shares of the company traded hands, compared to its average volume of 664,558. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.73 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The business has a 50 day moving average of $144.89 and a 200-day moving average of $144.22. 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 posted its quarterly earnings data 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 business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.39 billion. During the same quarter 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, sell-side analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions's payout ratio is 22.39%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on J shares. StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 15th. Robert W. Baird decreased their price objective on 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 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 increased their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Finally, 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 report on Wednesday, August 14th. 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, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $160.40.

Insider Transactions at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares of the company's stock, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares of the company's stock, valued at $3,688,038.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is currently owned by insiders.

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.