Exchange Traded Concepts LLC Raises Stake in Jacobs Solutions Inc. (NYSE:J)

Exchange Traded Concepts LLC lifted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 219.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,707 shares of the company's stock after acquiring an additional 4,608 shares during the quarter. Exchange Traded Concepts LLC's holdings in Jacobs Solutions were worth $878,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in J. State Board of Administration of Florida Retirement System grew its stake in 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 valued at $21,441,000 after purchasing an additional 10,542 shares during the period. Armstrong Henry H Associates Inc. purchased a new stake in Jacobs Solutions during the first quarter worth about $2,626,000. Russell Investments Group Ltd. raised its position 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 acquiring an additional 137,213 shares during the period. Sei Investments Co. boosted its stake in Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after acquiring an additional 66,002 shares during the last quarter. Finally, Everett Harris & Co. CA grew its position in shares of Jacobs Solutions by 12.5% during the 1st quarter. Everett Harris & Co. CA now owns 94,266 shares of the company's stock valued at $14,492,000 after acquiring an additional 10,470 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Up 0.6 %

Jacobs Solutions stock traded up $0.80 during mid-day trading on Friday, hitting $143.90. The company's stock had a trading volume of 654,384 shares, compared to its average volume of 813,529. The business has a 50 day moving average price of $144.64 and a 200-day moving average price of $142.99. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $143.96. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. 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 released its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting analysts' consensus estimates of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is currently 22.39%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on J. Truist Financial reduced their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Robert W. Baird dropped their target price 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. 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. Finally, Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average target price of $159.60.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred 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 sale, the director now directly owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is currently owned by company 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.