Robeco Institutional Asset Management B.V. Acquires 31,100 Shares of Jacobs Solutions Inc. (NYSE:J)

Robeco Institutional Asset Management B.V. raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 300.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 41,443 shares of the company's stock after acquiring an additional 31,100 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Jacobs Solutions were worth $5,425,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of J. Tlwm boosted 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 purchasing an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its position in 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 lifted its stake in Jacobs Solutions by 1.4% in the second quarter. American National Bank now owns 6,488 shares of the company's stock valued at $906,000 after acquiring an additional 88 shares during the last quarter. Global Financial Private Client LLC grew its position 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, Gabelli Funds LLC increased its stake in shares of Jacobs Solutions by 6.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company's stock worth $217,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Insiders Place Their Bets

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares of the company's stock, valued at approximately $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,516 shares of company stock valued at $1,124,533. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on J. StockNews.com cut Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Citigroup increased their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price target 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. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Finally, Robert W. Baird decreased their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.30.

Jacobs Solutions Stock Up 1.1 %

Shares of NYSE:J traded up $1.58 during midday trading on Friday, hitting $146.43. 850,894 shares of the company's stock were exchanged, compared to its average volume of 622,362. 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 12 month low of $100.59 and a 12 month high of $148.89. The company has a market cap of $18.19 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.71. The stock has a 50 day moving average price of $142.98 and a 200-day moving average price of $142.63.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts' consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the firm posted $1.82 EPS. Jacobs Solutions's quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's payout ratio is 22.92%.

About Jacobs Solutions

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.