Executive Wealth Management LLC Has $2.82 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Executive Wealth Management LLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,150 shares of the company’s stock after buying an additional 1,055 shares during the period. Executive Wealth Management LLC’s holdings in Jacobs Solutions were worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in Jacobs Solutions during the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC raised its stake in shares of Jacobs Solutions by 427.5% in 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 last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $30,000. Union Savings Bank grew its stake in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Jacobs Solutions by 108.9% during the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the 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 directly owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s 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 directly owns 42,069 shares in the company, valued at $6,346,108.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,516 shares of company stock worth $3,132,273. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Robert W. Baird dropped their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reiterated a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $160.40.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $142.50 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.71 billion, a P/E ratio of 27.51, a PEG ratio of 1.63 and a beta of 0.72. The business has a 50-day moving average of $145.27 and a 200-day moving average of $144.16. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 7.97 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s payout ratio is presently 22.39%.

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.