Citigroup Inc. Acquires 8,579 Shares of Jacobs Solutions Inc. (NYSE:J)

Citigroup Inc. grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,237 shares of the company’s stock after acquiring an additional 8,579 shares during the period. Citigroup Inc. owned 0.08% of Jacobs Solutions worth $11,191,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in J. Financial Management Professionals Inc. purchased a new stake in shares of Jacobs Solutions in the first quarter worth $25,000. OLD Mission Capital LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at $26,000. BerganKDV Wealth Management LLC purchased a new position in Jacobs Solutions during the first quarter valued at $26,000. Money Concepts Capital Corp purchased a new position in Jacobs Solutions during the fourth quarter valued at $46,000. Finally, ICA Group Wealth Management LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at $63,000. 85.11% of the stock is currently owned by institutional investors.

Insider Activity at Jacobs Solutions

In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $125.30, for a total transaction of $187,950.00. Following the completion of the sale, the chief financial officer now owns 249,132 shares in the company, valued at approximately $31,216,239.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Steven J. Demetriou sold 6,666 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $122.99, for a total value of $819,851.34. Following the completion of the sale, the insider now owns 587,958 shares in the company, valued at approximately $72,312,954.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $125.30, for a total transaction of $187,950.00. Following the completion of the sale, the chief financial officer now owns 249,132 shares of the company’s stock, valued at approximately $31,216,239.60. The disclosure for this sale can be found here. Insiders sold 21,498 shares of company stock worth $2,685,100 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $135.54 on Wednesday. The firm has a 50-day moving average price of $126.59 and a 200-day moving average price of $119.93. The firm has a market capitalization of $17.07 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.48. Jacobs Solutions Inc. has a 12-month low of $106.78 and a 12-month high of $137.61.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 8th. The company reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.07 billion. Jacobs Solutions had a net margin of 4.65% and a return on equity of 14.30%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.86 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.35 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, July 28th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.04 dividend on an annualized basis and a yield of 0.77%. Jacobs Solutions’s payout ratio is 17.93%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on J. Credit Suisse Group cut their target price on shares of Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Robert W. Baird raised their target price on shares of Jacobs Solutions from $135.00 to $150.00 in a research note on Wednesday, August 9th. TD Cowen lifted their price objective on shares of Jacobs Solutions from $128.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Citigroup lifted their price objective on shares of Jacobs Solutions from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $152.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.00.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.