Running Oak Capital LLC Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Running Oak Capital LLC lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,169 shares of the company’s stock after acquiring an additional 8,670 shares during the quarter. Running Oak Capital LLC’s holdings in Jacobs Solutions were worth $8,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in Jacobs Solutions during the 4th quarter valued at approximately $27,000. First Pacific Financial bought a new position in Jacobs Solutions in the fourth quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Jacobs Solutions during the fourth quarter valued at about $59,000. Private Trust Co. NA increased its stake in shares of Jacobs Solutions by 17.8% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after acquiring an additional 87 shares during the period. Finally, Evolution Advisers Inc. purchased a new stake in Jacobs Solutions during the fourth quarter worth $77,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Up 1.2 %

Shares of NYSE:J traded up $1.74 during trading on Thursday, hitting $144.93. The company’s stock had a trading volume of 423,633 shares, compared to its average volume of 632,389. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $18.21 billion, a PE ratio of 25.58, a PEG ratio of 1.52 and a beta of 0.74. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The stock’s 50-day moving average price is $147.40 and its two-hundred day moving average price is $138.00.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping 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 firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America lifted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Citigroup lifted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. KeyCorp initiated coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Argus upped their price objective on shares of 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 raised their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 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 value of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Jacobs Solutions 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 value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,838 shares of company stock worth $2,393,710. Company insiders own 1.00% of the company’s stock.

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.