Daiwa Securities Group Inc. Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Daiwa Securities Group Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,950 shares of the company's stock after acquiring an additional 5,899 shares during the period. Daiwa Securities Group Inc.'s holdings in Jacobs Solutions were worth $4,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. EdgeRock Capital LLC purchased a new position in Jacobs Solutions in the second quarter worth $26,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock worth $29,000 after purchasing an additional 171 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Jacobs Solutions during the 4th quarter valued at about $30,000. Union Savings Bank raised its holdings in shares of Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company's stock valued at $37,000 after buying an additional 125 shares in the last quarter. Finally, Quarry LP lifted its position in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company's stock worth $40,000 after buying an additional 159 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Robert W. Baird decreased 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 report on Wednesday, August 7th. Truist Financial restated a "hold" rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Finally, StockNews.com cut shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $160.40.

Jacobs Solutions Stock Up 1.0 %

J stock traded up $1.46 on Friday, reaching $143.96. 460,201 shares of the company traded hands, compared to its average volume of 663,288. The firm has a fifty day simple moving average of $145.27 and a 200-day simple moving average of $144.16. The company has a market cap of $18.03 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. 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 current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The company 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%. Jacobs Solutions's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 EPS. Research analysts anticipate 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. Investors 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 annualized dividend and a dividend yield of 0.81%. Jacobs Solutions's dividend payout ratio (DPR) is presently 22.39%.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the transaction, the insider now directly owns 527,138 shares of the company's stock, valued at $77,426,029.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the company'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 owns 26,699 shares of the company's stock, valued at approximately $3,911,670.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the transaction, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is owned by corporate 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.