First Pacific Financial Takes $27,000 Position in Jacobs Solutions Inc. (NYSE:J)

First Pacific Financial bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, Holdings Channel.com reports. The fund bought 205 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also bought and sold shares of J. Third Point LLC boosted its stake in Jacobs Solutions by 629.4% during the second quarter. Third Point LLC now owns 1,354,982 shares of the company’s stock worth $161,094,000 after buying an additional 1,169,217 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Jacobs Solutions by 1,162.8% in the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock valued at $119,449,000 after purchasing an additional 798,125 shares in the last quarter. Boston Partners acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $106,946,000. Select Equity Group L.P. lifted its position in Jacobs Solutions by 12.6% during the 1st quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock worth $554,345,000 after buying an additional 529,557 shares in the last quarter. Finally, Baupost Group LLC MA acquired a new position in Jacobs Solutions during the 3rd quarter worth about $66,583,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.7 %

NYSE J opened at $152.90 on Thursday. The company has a market cap of $19.21 billion, a PE ratio of 27.30, a PEG ratio of 1.59 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $153.01. The stock has a 50 day moving average of $144.25 and a 200-day moving average of $135.96.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 8.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.76%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Insiders Place Their Bets

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at $4,261,068. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jacobs Solutions news, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares in the company, valued at approximately $8,527,717. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. KeyCorp began coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Argus boosted their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Royal Bank of Canada boosted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.27.

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.