Everett Harris & Co. CA Purchases 20,550 Shares of Jacobs Solutions Inc. (NYSE:J)

Everett Harris & Co. CA increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 83,796 shares of the company’s stock after acquiring an additional 20,550 shares during the period. Everett Harris & Co. CA’s holdings in Jacobs Solutions were worth $10,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Third Point LLC raised its position 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 acquiring an additional 1,169,217 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Jacobs Solutions by 1,162.8% during the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after acquiring an additional 798,125 shares during the last quarter. Boston Partners acquired a new stake in Jacobs Solutions during the 3rd quarter valued at $106,946,000. Select Equity Group L.P. raised its position in shares of Jacobs Solutions by 12.6% in the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after purchasing an additional 529,557 shares during the period. Finally, Baupost Group LLC MA acquired a new position in Jacobs Solutions in the 3rd quarter valued at about $66,583,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on J shares. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.27.

Insider Transactions at Jacobs Solutions

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

Jacobs Solutions Trading Up 1.7 %

NYSE:J traded up $2.52 during mid-day trading on Wednesday, hitting $152.90. 600,374 shares of the company’s stock were exchanged, compared to its average volume of 696,398. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $153.01. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $19.21 billion, a P/E ratio of 27.30, a PEG ratio of 1.59 and a beta of 0.73. The company has a 50 day simple moving average of $143.80 and a 200-day simple moving average of $135.84.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. Jacobs Solutions’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. As a group, research analysts expect that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.29 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.76%. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

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.