Van ECK Associates Corp Has $7.38 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Van ECK Associates Corp lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 43.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,181 shares of the company's stock after purchasing an additional 15,833 shares during the period. Van ECK Associates Corp's holdings in Jacobs Solutions were worth $7,377,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in J. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its position in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock worth $29,000 after acquiring an additional 171 shares during the period. LRI Investments LLC acquired a new stake in Jacobs Solutions in the 1st quarter valued at about $48,000. Central Pacific Bank Trust Division purchased a new stake in shares of Jacobs Solutions during the first quarter worth approximately $48,000. Finally, GAMMA Investing LLC increased its position in shares of Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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 on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company's 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 sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the 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 completion of the sale, the director now owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. This represents 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. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Stock Up 0.6 %

Jacobs Solutions stock traded up $0.92 during trading hours on Friday, hitting $145.77. The company had a trading volume of 171,138 shares, compared to its average volume of 794,986. The firm's fifty day moving average is $143.17 and its 200-day moving average is $142.59. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $148.89. The firm has a market capitalization of $18.11 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. 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 posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period last year, the business posted $1.82 EPS. The business's quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.95 earnings per share for the current 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 issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. Jacobs Solutions's dividend payout ratio is 22.92%.

Analyst Ratings Changes

J has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Citigroup raised their target price 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. Truist Financial dropped their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Raymond James upgraded 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 report on Friday, October 4th. Finally, StockNews.com downgraded Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $159.30.

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.