Blair William & Co. IL Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Blair William & Co. IL boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 115,600 shares of the company’s stock after purchasing an additional 14,116 shares during the period. Blair William & Co. IL owned approximately 0.09% of Jacobs Solutions worth $15,779,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in shares of Jacobs Solutions by 3.7% in the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock valued at $296,000 after purchasing an additional 78 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Jacobs Solutions by 47.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 254 shares of the company’s stock valued at $30,000 after purchasing an additional 82 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Jacobs Solutions by 0.9% in the third quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock valued at $1,276,000 after purchasing an additional 86 shares during the period. Signaturefd LLC lifted its stake in shares of Jacobs Solutions by 11.4% in the third quarter. Signaturefd LLC now owns 887 shares of the company’s stock valued at $121,000 after purchasing an additional 91 shares during the period. Finally, Veritable L.P. lifted its stake in shares of Jacobs Solutions by 1.7% in the first quarter. Veritable L.P. now owns 5,350 shares of the company’s stock valued at $629,000 after purchasing an additional 91 shares during the period. 84.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $160.00 target price on shares of Jacobs Solutions in a research report on Wednesday, November 22nd. Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, November 21st. Raymond James lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $152.11.

Read Our Latest Stock Analysis on J

Insider Activity

In other news, insider Steven J. Demetriou sold 6,666 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total value of $910,708.92. Following the sale, the insider now owns 556,439 shares in the company, valued at approximately $76,020,696.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven J. Demetriou sold 6,666 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total transaction of $910,708.92. Following the transaction, the insider now owns 556,439 shares in the company, valued at approximately $76,020,696.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,500 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $129.50, for a total transaction of $194,250.00. Following the transaction, the senior vice president now owns 28,150 shares in the company, valued at approximately $3,645,425. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,832 shares of company stock worth $3,112,190. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

NYSE J opened at $145.52 on Friday. The company has a 50 day simple moving average of $131.84 and a 200-day simple moving average of $132.45. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $145.54. The firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 8.06 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s payout ratio is currently 18.57%.

Jacobs Solutions Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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