Clifford Swan Investment Counsel LLC Sells 647 Shares of Jacobs Solutions Inc. (NYSE:J)

Clifford Swan Investment Counsel LLC lowered its stake in Jacobs Solutions Inc. (NYSE:J) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,072 shares of the company’s stock after selling 647 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Jacobs Solutions were worth $8,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in J. River Global Investors LLP boosted its stake in Jacobs Solutions by 7.1% during the fourth quarter. River Global Investors LLP now owns 7,820 shares of the company’s stock valued at $1,015,000 after buying an additional 520 shares during the period. National Bank of Canada FI boosted its position in shares of Jacobs Solutions by 0.4% during the 4th quarter. National Bank of Canada FI now owns 27,539 shares of the company’s stock valued at $3,525,000 after acquiring an additional 120 shares during the last quarter. Forte Capital LLC ADV grew its holdings in shares of Jacobs Solutions by 0.5% during the fourth quarter. Forte Capital LLC ADV now owns 70,321 shares of the company’s stock worth $9,128,000 after purchasing an additional 368 shares in the last quarter. Power Wealth Management LLC bought a new position in shares of Jacobs Solutions in the fourth quarter worth approximately $594,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Jacobs Solutions by 7.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 2.2 %

Shares of NYSE:J traded up $3.17 during trading on Friday, hitting $148.10. The company had a trading volume of 668,452 shares, compared to its average volume of 449,142. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day simple moving average of $147.41 and a two-hundred day simple moving average of $138.13. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Argus boosted their target price 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 increased their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Bank of America boosted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Truist Financial began coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. Finally, Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Insider Activity at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was 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 directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’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 sale, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,338 shares of company stock worth $3,618,695. Company insiders own 1.00% of the company’s stock.

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.