Massachusetts Financial Services Co. MA decreased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,684,386 shares of the company's stock after selling 39,736 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.35% of Jacobs Solutions worth $235,326,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new stake in Jacobs Solutions in the fourth quarter worth $117,000. Jump Financial LLC bought a new stake in Jacobs Solutions during the fourth quarter worth about $459,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $477,000. BI Asset Management Fondsmaeglerselskab A S increased its position in Jacobs Solutions by 91.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,512 shares of the company's stock valued at $326,000 after buying an additional 1,202 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Jacobs Solutions by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company's stock valued at $5,456,000 after buying an additional 2,836 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.
Insider Activity at Jacobs Solutions
In other news, SVP William B. Allen, Jr. sold 1,451 shares of the company's stock in a transaction that occurred 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 $3,911,670.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,516 shares of company stock worth $3,132,273. Company insiders own 1.00% of the company's stock.
Jacobs Solutions Price Performance
Shares of NYSE:J traded up $0.60 during trading on Wednesday, hitting $145.54. 772,359 shares of the company's stock were exchanged, compared to its average volume of 662,805. The business's 50-day simple moving average is $145.73 and its 200 day simple moving average is $144.07. 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 Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.63 and a beta of 0.72.
Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, equities analysts predict that Jacobs Solutions Inc. will post 7.97 EPS for the current year.
Jacobs Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend 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 currently 22.39%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on J. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Truist Financial restated a "hold" rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 15th. UBS Group boosted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their price target 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $161.67.
Read Our Latest Stock Report on J
About Jacobs Solutions
(
Free Report)
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.
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