Jacobs Solutions Inc. (NYSE:J) Short Interest Down 7.3% in April

Jacobs Solutions Inc. (NYSE:J – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,530,000 shares, a drop of 7.3% from the April 15th total of 1,650,000 shares. Based on an average daily trading volume, of 615,400 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.2% of the company’s shares are sold short.

Insider Activity

In other news, Director Christopher M.T. Thompson sold 3,500 shares of Jacobs Solutions stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $119.64, for a total transaction of $418,740.00. Following the completion of the transaction, the director now directly owns 34,682 shares in the company, valued at $4,149,354.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 3,500 shares of Jacobs Solutions stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $119.64, for a total value of $418,740.00. Following the completion of the sale, the director now owns 34,682 shares of the company’s stock, valued at approximately $4,149,354.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven J. Demetriou sold 6,666 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $116.77, for a total transaction of $778,388.82. Following the sale, the insider now directly owns 614,622 shares of the company’s stock, valued at approximately $71,769,410.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,498 shares of company stock valued at $2,778,171. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Jacobs Solutions

Several institutional investors have recently added to or reduced their stakes in J. Financial Management Professionals Inc. acquired a new stake in Jacobs Solutions during the 1st quarter worth about $25,000. OLD Mission Capital LLC acquired a new stake in Jacobs Solutions during the 4th quarter worth about $26,000. BerganKDV Wealth Management LLC acquired a new stake in Jacobs Solutions during the 1st quarter worth about $26,000. Clear Street Markets LLC raised its holdings in Jacobs Solutions by 93.8% during the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after buying an additional 121 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at about $30,000. Institutional investors own 85.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on J. Credit Suisse Group cut their price target on shares of Jacobs Solutions from $161.00 to $155.00 in a report on Wednesday, February 8th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Thursday, March 16th. They issued a “buy” rating for the company. Sanford C. Bernstein cut their price objective on shares of Jacobs Solutions from $165.00 to $150.00 in a research note on Wednesday, May 10th. Finally, Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $150.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

Jacobs Solutions Stock Down 1.0 %

J stock opened at $114.01 on Tuesday. Jacobs Solutions has a one year low of $106.78 and a one year high of $140.90. The stock has a market capitalization of $14.46 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 1.48. The company has a fifty day moving average of $115.34 and a 200-day moving average of $119.65.

Jacobs Solutions (NYSE:J – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.03. Jacobs Solutions had a net margin of 4.21% and a return on equity of 14.84%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the firm posted $1.72 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts expect that Jacobs Solutions will post 7.37 EPS for the current year.

Jacobs Solutions announced that its board has authorized a stock repurchase plan on Wednesday, January 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 26th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. Jacobs Solutions’s payout ratio is currently 17.25%.

About Jacobs Solutions

(Get Rating)

Jacobs Solutions, Inc is a holding company, which engages in the designing and deployment of technology-centric solutions. It operates through the following business segments: Critical Mission Solutions, People and Places Solutions, and PA Consulting. The Critical Mission Solutions segment offer broad sectors, including U.S.