Jacobs Solutions Inc. (NYSE:J) Stock Position Raised by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 21.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,202 shares of the company's stock after purchasing an additional 49,701 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.22% of Jacobs Solutions worth $38,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Jacobs Solutions by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company's stock worth $5,456,000 after buying an additional 2,836 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Jacobs Solutions by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company's stock worth $21,441,000 after purchasing an additional 10,542 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Jacobs Solutions by 90.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company's stock valued at $2,417,000 after purchasing an additional 8,848 shares in the last quarter. Armstrong Henry H Associates Inc. bought a new position in shares of Jacobs Solutions during the first quarter worth about $2,626,000. Finally, Russell Investments Group Ltd. grew its stake in Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company's stock worth $27,910,000 after purchasing an additional 137,213 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

J traded up $1.46 on Friday, reaching $143.96. The company had a trading volume of 462,297 shares, compared to its average volume of 663,299. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The company has a market capitalization of $18.03 billion, a P/E ratio of 27.79, a PEG ratio of 1.63 and a beta of 0.72. The company has a fifty day moving average of $145.42 and a 200-day moving average of $144.12. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were issued a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. Jacobs Solutions's dividend payout ratio is currently 22.39%.

Insider Activity

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business's stock in a transaction 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 sale, the senior vice president now directly 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 through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was 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 directly owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,516 shares of company stock worth $3,132,273. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several 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 report on Thursday, August 15th. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. UBS Group increased 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. Truist Financial reaffirmed a "hold" rating and set a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Finally, 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. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.40.

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.