Jacobs Solutions Inc. (NYSE:J) Stock Holdings Lifted by SFE Investment Counsel

SFE Investment Counsel increased its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,090 shares of the company’s stock after buying an additional 343 shares during the period. SFE Investment Counsel’s holdings in Jacobs Solutions were worth $4,855,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the second quarter worth $26,000. Bruce G. Allen Investments LLC increased its holdings in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Central Pacific Bank Trust Division bought a new stake in Jacobs Solutions in the 1st quarter valued at about $48,000. LRI Investments LLC acquired a new position in Jacobs Solutions during the 1st quarter valued at about $48,000. Finally, GAMMA Investing LLC grew its position in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were 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 in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock worth $2,152,693 in the last quarter. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on J shares. StockNews.com raised Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Robert W. Baird reduced their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Citigroup lifted their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

Jacobs Solutions Stock Performance

NYSE:J opened at $141.20 on Tuesday. The company has a 50-day moving average of $144.16 and a 200-day moving average of $142.69. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $144.56.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. Analysts forecast that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is 22.39%.

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.