Jacobs Solutions Inc. (NYSE:J) Shares Sold by Smith Salley Wealth Management

Smith Salley Wealth Management lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 6.1% in the first quarter, Holdings Channel.com reports. The fund owned 2,555 shares of the company’s stock after selling 166 shares during the quarter. Smith Salley Wealth Management’s holdings in Jacobs Solutions were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mutual of America Capital Management LLC lifted its position in shares of Jacobs Solutions by 2.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 39,637 shares of the company’s stock valued at $6,093,000 after acquiring an additional 1,022 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Jacobs Solutions by 10.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 25,051 shares of the company’s stock valued at $3,851,000 after acquiring an additional 2,462 shares during the last quarter. Bryn Mawr Capital Management LLC lifted its position in shares of Jacobs Solutions by 0.3% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 56,978 shares of the company’s stock valued at $8,759,000 after acquiring an additional 167 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at $149,000. Finally, Lewis Asset Management LLC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at $214,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.9 %

Jacobs Solutions stock traded down $1.22 during mid-day trading on Tuesday, hitting $136.44. 299,795 shares of the company’s stock were exchanged, compared to its average volume of 664,125. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.08 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.57 and a beta of 0.70. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The stock has a 50 day moving average of $139.58 and a two-hundred day moving average of $141.04.

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

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions’s payout ratio is 22.39%.

Insiders Place Their Bets

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the sale, the insider now directly owns 541,138 shares in the company, valued at $75,450,871.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock valued at $3,180,575 over the last three months. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on J. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Citigroup increased their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Robert W. Baird reduced their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Argus increased their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Truist Financial reduced their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $156.82.

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.