Primecap Management Co. CA Cuts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Primecap Management Co. CA cut its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,271,282 shares of the company's stock after selling 310,940 shares during the period. Primecap Management Co. CA owned 4.24% of Jacobs Solutions worth $690,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in J. Boston Partners raised its holdings in shares of Jacobs Solutions by 27.9% in the 1st quarter. Boston Partners now owns 3,697,086 shares of the company's stock valued at $567,436,000 after buying an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Jacobs Solutions by 6.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock valued at $464,736,000 after purchasing an additional 192,166 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock valued at $169,366,000 after purchasing an additional 127,605 shares during the period. American Century Companies Inc. boosted its position in shares of Jacobs Solutions by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company's stock valued at $88,418,000 after purchasing an additional 67,821 shares during the period. Finally, Ceredex Value Advisors LLC lifted its position in Jacobs Solutions by 5.5% during the 2nd quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company's stock worth $84,098,000 after acquiring an additional 31,225 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.8 %

Shares of NYSE:J opened at $132.45 on Thursday. The stock has a market capitalization of $16.46 billion, a PE ratio of 20.92, a P/E/G ratio of 2.04 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The firm has a fifty day moving average price of $142.38 and a 200 day moving average price of $142.41. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the business posted $1.90 earnings per share. Jacobs Solutions's revenue was up 4.4% on a year-over-year basis. Analysts expect that Jacobs Solutions Inc. will post 6 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions's dividend payout ratio is currently 18.33%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the company'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 directly owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company's stock in a transaction on Thursday, August 29th. The shares were 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 in the company, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on J shares. Raymond James raised Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Truist Financial dropped their price target on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. StockNews.com started coverage on Jacobs Solutions in a research report on Monday. They set a "buy" rating for the company. Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Finally, Benchmark cut Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average price target of $157.70.

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.

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