Toth Financial Advisory Corp Increases Stake in Jacobs Solutions Inc. (NYSE:J)

Toth Financial Advisory Corp lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,196 shares of the company’s stock after acquiring an additional 4,792 shares during the period. Toth Financial Advisory Corp’s holdings in Jacobs Solutions were worth $6,794,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of J. Boston Partners raised its holdings in Jacobs Solutions by 268.4% in the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after buying an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 134.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock valued at $215,215,000 after buying an additional 951,369 shares during the period. Third Point LLC raised its holdings in Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after buying an additional 445,018 shares during the period. Ceredex Value Advisors LLC raised its holdings in Jacobs Solutions by 117.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock valued at $79,865,000 after buying an additional 332,053 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in Jacobs Solutions by 14,897.6% in the fourth quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company’s stock valued at $41,737,000 after buying an additional 319,404 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $0.26 during midday trading on Friday, reaching $139.71. 1,305,354 shares of the company traded hands, compared to its average volume of 704,744. Jacobs Solutions Inc. has a 52 week low of $116.00 and a 52 week high of $154.50. The stock has a 50-day moving average price of $140.39 and a 200 day moving average price of $140.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.61 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business earned $1.81 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insiders Place Their Bets

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 sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, 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 three months, insiders have sold 24,000 shares of company stock worth $3,503,195. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup increased their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Argus raised their price target 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. Finally, Robert W. Baird decreased their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $156.82.

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.