Greenwood Capital Associates LLC Buys Shares of 17,799 Jacobs Solutions Inc. (NYSE:J)

Greenwood Capital Associates LLC bought a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,799 shares of the company's stock, valued at approximately $2,330,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tlwm raised its holdings in shares of Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company's stock worth $845,000 after acquiring an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock worth $834,000 after acquiring an additional 82 shares in the last quarter. American National Bank raised its holdings in shares of Jacobs Solutions by 1.4% during 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 holdings in shares of Jacobs Solutions by 2.6% during the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company's stock worth $551,000 after acquiring an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Jacobs Solutions by 6.9% during the second quarter. Gabelli Funds LLC now owns 1,550 shares of the company's stock worth $217,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on J shares. StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Robert W. Baird cut their target price on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $159.30.

Insider Transactions at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business'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 completion of the transaction, the senior vice president now owns 26,699 shares of the company's stock, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,516 shares of company stock valued at $1,124,533 in the last three months. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

NYSE J traded up $1.84 during trading on Tuesday, reaching $141.68. 398,702 shares of the company traded hands, compared to its average volume of 799,674. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The stock's 50 day moving average price is $143.21 and its two-hundred day moving average price is $142.56. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.41 and a beta of 0.71. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $144.56.

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 company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, analysts anticipate that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's payout ratio is currently 22.92%.

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.