Oppenheimer Asset Management Inc. Acquires 31,281 Shares of Jacobs Solutions Inc. (NYSE:J)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 817.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,107 shares of the company's stock after purchasing an additional 31,281 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Jacobs Solutions were worth $4,905,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Tlwm grew its position in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company's stock valued at $845,000 after acquiring an additional 74 shares during the period. Hudson Edge Investment Partners Inc. raised its holdings in Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock valued at $834,000 after buying an additional 82 shares during the period. American National Bank increased its position in shares of Jacobs Solutions by 1.4% in the second quarter. American National Bank now owns 6,488 shares of the company's stock worth $906,000 after acquiring an additional 88 shares in the last quarter. Global Financial Private Client LLC raised its stake in shares of Jacobs Solutions by 2.6% in the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company's stock valued at $551,000 after acquiring an additional 100 shares during the period. Finally, Advisors Management Group Inc. ADV lifted its holdings in shares of Jacobs Solutions by 1.5% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 7,053 shares of the company's stock valued at $985,000 after acquiring an additional 101 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 0.6 %

J traded up $0.83 during midday trading on Monday, reaching $144.79. 505,912 shares of the company were exchanged, compared to its average volume of 662,418. The stock has a market capitalization of $18.13 billion, a P/E ratio of 27.95, a PEG 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 stock's 50-day simple moving average is $145.56 and its 200 day simple moving average is $144.08. 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 announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts' consensus estimates of $1.96. The company 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%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions's dividend payout ratio is presently 22.39%.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares in the company, valued at approximately $74,747,271.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares of the company's stock, valued at $74,747,271.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on J shares. Royal Bank of Canada increased their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating 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 research note on Thursday, August 15th. UBS Group boosted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Truist Financial reissued a "hold" rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Finally, Robert W. Baird reduced 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. Five 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, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $161.67.

Jacobs Solutions 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.