Marco Investment Management LLC Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Marco Investment Management LLC lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 8.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,285 shares of the company’s stock after purchasing an additional 3,105 shares during the quarter. Marco Investment Management LLC’s holdings in Jacobs Solutions were worth $5,012,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its position in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the period. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions in the third quarter worth $42,000. Finally, LRI Investments LLC bought a new stake in Jacobs Solutions in the first quarter worth $48,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on J shares. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Monday, November 18th. They set a “buy” rating on the stock. UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Royal Bank of Canada dropped their target price on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Citigroup decreased their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Insider Transactions at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Up 1.4 %

Shares of NYSE:J opened at $137.36 on Friday. The business’s 50 day moving average is $142.11 and its 200 day moving average is $142.29. The stock has a market cap of $17.07 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $101.64 and a 52-week high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.08 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

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.