SFE Investment Counsel Has $4.13 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

SFE Investment Counsel boosted its position in Jacobs Solutions Inc. (NYSE:J) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,786 shares of the company’s stock after purchasing an additional 1,841 shares during the period. SFE Investment Counsel’s holdings in Jacobs Solutions were worth $4,126,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Pacific Financial acquired a new stake in Jacobs Solutions in the 4th quarter valued at about $27,000. Clear Street Markets LLC lifted its stake in Jacobs Solutions by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock valued at $29,000 after purchasing an additional 121 shares during the last quarter. Park Place Capital Corp lifted its position in Jacobs Solutions by 473.9% during the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after acquiring an additional 218 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Jacobs Solutions during the third quarter worth approximately $42,000. Finally, Money Concepts Capital Corp acquired a new stake in Jacobs Solutions during the fourth quarter worth approximately $46,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,838 shares of company stock worth $2,393,710. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of several research reports. Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Truist Financial initiated coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. Royal Bank of Canada raised 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. Bank of America lifted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.08.

Jacobs Solutions Trading Up 0.2 %

J stock traded up $0.34 during midday trading on Thursday, hitting $143.31. The stock had a trading volume of 111,767 shares, compared to its average volume of 659,926. The firm has a market cap of $18.01 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.54 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 1-year low of $109.00 and a 1-year high of $154.50. The business has a fifty day moving average price of $147.64 and a two-hundred day moving average price of $137.51.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. The business 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 for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Jacobs Solutions 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.