Natixis Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Natixis boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 55.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,242 shares of the company’s stock after purchasing an additional 1,150 shares during the quarter. Natixis’ holdings in Jacobs Solutions were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in J. Mutual Advisors LLC raised its stake in Jacobs Solutions by 15.0% during the fourth quarter. Mutual Advisors LLC now owns 2,923 shares of the company’s stock worth $379,000 after purchasing an additional 382 shares during the period. Raymond James & Associates boosted its holdings in Jacobs Solutions by 21.0% in the fourth quarter. Raymond James & Associates now owns 97,436 shares of the company’s stock valued at $12,647,000 after acquiring an additional 16,938 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Jacobs Solutions by 3.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 40,132 shares of the company’s stock valued at $5,209,000 after acquiring an additional 1,224 shares during the period. Pacer Advisors Inc. increased its stake in Jacobs Solutions by 13.4% during the fourth quarter. Pacer Advisors Inc. now owns 9,344 shares of the company’s stock worth $1,213,000 after acquiring an additional 1,104 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Jacobs Solutions by 15.5% in the 4th quarter. State of Alaska Department of Revenue now owns 17,277 shares of the company’s stock worth $2,242,000 after purchasing an additional 2,315 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on J shares. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Citigroup boosted their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Truist Financial reduced their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Finally, Robert W. Baird lowered their price objective 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.82.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the sale, the insider now owns 548,138 shares in the company, valued at $78,855,132.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the transaction, the insider now owns 548,138 shares in the company, valued at approximately $78,855,132.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock valued at $3,180,575 in the last quarter. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

J opened at $145.98 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $140.80 and its 200 day moving average price is $142.53. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70.

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

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.79%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

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.