AGF Management Ltd. Has $49.89 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

AGF Management Ltd. lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 70.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 357,107 shares of the company's stock after selling 855,175 shares during the quarter. AGF Management Ltd. owned 0.29% of Jacobs Solutions worth $49,891,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Jacobs Solutions by 14.5% in the fourth quarter. Victory Capital Management Inc. now owns 67,905 shares of the company's stock worth $8,814,000 after buying an additional 8,611 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Jacobs Solutions by 7.9% during the fourth quarter. Private Advisor Group LLC now owns 11,488 shares of the company's stock worth $1,491,000 after purchasing an additional 838 shares during the last quarter. Principal Securities Inc. acquired a new position in Jacobs Solutions in the fourth quarter worth about $117,000. NBC Securities Inc. increased its holdings in Jacobs Solutions by 5.0% in the fourth quarter. NBC Securities Inc. now owns 2,512 shares of the company's stock valued at $326,000 after buying an additional 119 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Jacobs Solutions during the fourth quarter valued at approximately $459,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the sale, the insider now directly owns 534,138 shares of the company's stock, valued at $74,747,271.72. The transaction was disclosed in a legal 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 company's 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 directly owns 26,699 shares of the company's stock, valued at $3,911,670.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm's stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the sale, the insider now owns 534,138 shares of the company's stock, valued at $74,747,271.72. 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 three months. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on J. Robert W. Baird dropped their price target 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. StockNews.com lowered shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 15th. Royal Bank of Canada increased their price objective 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. Truist Financial reaffirmed a "hold" rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Finally, UBS Group raised their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $160.40.

Jacobs Solutions Price Performance

NYSE:J traded down $1.20 during mid-day trading on Wednesday, reaching $141.94. 870,248 shares of the stock were exchanged, compared to its average volume of 665,548. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $145.12 and a 200 day moving average price of $144.19. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The firm has a market capitalization of $17.77 billion, a PE ratio of 27.63, a PEG ratio of 1.63 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $1.96 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 net margin of 3.72% and a return on equity of 14.76%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. Research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a $0.29 dividend. 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 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.