Jacobs Solutions Inc. (NYSE:J) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,431 shares of the company’s stock after buying an additional 567 shares during the quarter. SG Americas Securities LLC’s holdings in Jacobs Solutions were worth $2,782,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in J. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at $125,000. Panagora Asset Management Inc. raised its holdings in shares of Jacobs Solutions by 22.6% in the 1st quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock valued at $478,000 after purchasing an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Jacobs Solutions by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock valued at $2,383,000 after purchasing an additional 933 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Jacobs Solutions by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock valued at $2,040,000 after purchasing an additional 680 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Jacobs Solutions by 5.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock valued at $1,179,000 after purchasing an additional 448 shares in the last quarter. 84.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the sale, the executive vice president now owns 57,233 shares of the company’s stock, valued at $8,527,717. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Up 0.2 %

Shares of Jacobs Solutions stock opened at $150.38 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $152.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $18.90 billion, a P/E ratio of 26.85, a PEG ratio of 1.59 and a beta of 0.73. The company’s fifty day moving average is $143.44 and its two-hundred day moving average is $135.70.

Jacobs Solutions (NYSE:JGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. Jacobs Solutions’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. Analysts forecast that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.29 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.77%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Truist Financial initiated coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price on the stock. Finally, KeyCorp initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.27.

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Jacobs Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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