Intact Investment Management Inc. Has $341,000 Stock Position in Jacobs Solutions Inc. (NYSE:J)

Intact Investment Management Inc. lowered its position in shares of Jacobs Solutions Inc. (NYSE:J) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,900 shares of the company’s stock after selling 100 shares during the quarter. Intact Investment Management Inc.’s holdings in Jacobs Solutions were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in J. Seven Eight Capital LP acquired a new stake in Jacobs Solutions in the 1st quarter valued at about $411,000. XTX Topco Ltd bought a new position in shares of Jacobs Solutions in the 1st quarter valued at about $339,000. Veritable L.P. boosted its stake in shares of Jacobs Solutions by 1.7% in the 1st quarter. Veritable L.P. now owns 5,350 shares of the company’s stock valued at $629,000 after purchasing an additional 91 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Jacobs Solutions by 114.2% in the 1st quarter. Renaissance Technologies LLC now owns 302,300 shares of the company’s stock valued at $35,523,000 after purchasing an additional 161,161 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of Jacobs Solutions in the 1st quarter valued at about $189,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

Insiders Place Their Bets

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

Jacobs Solutions Stock Performance

Shares of J stock opened at $130.74 on Monday. The company’s fifty day simple moving average is $129.34 and its 200-day simple moving average is $120.60. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The firm has a market cap of $16.46 billion, a PE ratio of 22.54, a P/E/G ratio of 1.77 and a beta of 0.82. Jacobs Solutions Inc. has a 12 month low of $106.78 and a 12 month high of $137.61.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.82 EPS for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $4.19 billion for 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 firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 earnings per share. Equities research analysts expect that Jacobs Solutions Inc. will post 7.35 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, July 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, July 27th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 17.93%.

Analysts Set New Price Targets

J has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Robert W. Baird boosted their price objective on shares of Jacobs Solutions from $135.00 to $150.00 in a report on Wednesday, August 9th. Credit Suisse Group decreased their price objective on shares of Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. TD Cowen boosted their price objective on shares of Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. Finally, Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $152.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.