3,835 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new position in Jacobs Solutions Inc. (NYSE:JFree Report) in the fourth quarter, Holdings Channel reports. The firm bought 3,835 shares of the company’s stock, valued at approximately $498,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Jacobs Solutions by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock valued at $1,929,175,000 after acquiring an additional 250,587 shares during the period. Select Equity Group L.P. lifted its stake in Jacobs Solutions by 12.6% during the 1st quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after acquiring an additional 529,557 shares during the period. Capital International Investors lifted its stake in Jacobs Solutions by 8.1% during the 1st quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock valued at $558,055,000 after acquiring an additional 304,996 shares during the period. Mackenzie Financial Corp lifted its stake in Jacobs Solutions by 10.1% during the 4th quarter. Mackenzie Financial Corp now owns 3,271,522 shares of the company’s stock valued at $392,812,000 after acquiring an additional 300,725 shares during the period. Finally, Ruane Cunniff & Goldfarb L.P. lifted its stake in Jacobs Solutions by 11.9% during the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 2,954,118 shares of the company’s stock valued at $351,215,000 after acquiring an additional 313,334 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $149.85 on Thursday. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The firm has a market cap of $18.83 billion, a PE ratio of 26.76, a PEG ratio of 1.60 and a beta of 0.73. The firm has a fifty day moving average of $146.10 and a 200 day moving average of $136.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37.

Jacobs Solutions (NYSE:JGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts predict that Jacobs Solutions Inc. will post 8.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.77%. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on J shares. Bank of America boosted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. KeyCorp started coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Finally, Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.08.

View Our Latest Report on Jacobs Solutions

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s 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 transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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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