Moseley Investment Management Inc. Sells 313 Shares of Jacobs Solutions Inc. (NYSE:J)

Moseley Investment Management Inc. lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 4.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,426 shares of the company’s stock after selling 313 shares during the quarter. Moseley Investment Management Inc.’s holdings in Jacobs Solutions were worth $988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Mirabella Financial Services LLP bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $202,000. AGF Management Ltd. boosted its stake in Jacobs Solutions by 1.5% during the fourth quarter. AGF Management Ltd. now owns 1,216,849 shares of the company’s stock worth $157,947,000 after buying an additional 18,484 shares during the period. Tower Research Capital LLC TRC increased its position in Jacobs Solutions by 90.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock valued at $2,417,000 after acquiring an additional 8,848 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Jacobs Solutions by 76.0% in the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after acquiring an additional 14,740 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Jacobs Solutions by 62.7% in the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after acquiring an additional 23,509 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the completion of the transaction, the insider now owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock valued at $3,503,195 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

J has been the topic of several analyst reports. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Robert W. Baird dropped their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Bank of America increased their price target on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Truist Financial reduced their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Read Our Latest Stock Analysis on Jacobs Solutions

Jacobs Solutions Stock Up 0.2 %

NYSE:J opened at $140.98 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $17.65 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. The company has a 50-day moving average of $141.00 and a 200 day moving average of $139.92. Jacobs Solutions Inc. has a 1-year low of $114.09 and a 1-year high of $154.50.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.81 earnings per share. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s payout ratio is 22.39%.

Jacobs Solutions 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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