International Assets Investment Management LLC Acquires New Shares in Jacobs Solutions Inc. (NYSE:J)

International Assets Investment Management LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 27,907 shares of the company’s stock, valued at approximately $3,622,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Pacific Financial bought a new position in Jacobs Solutions in the 4th quarter worth about $27,000. Clear Street Markets LLC increased its position in shares of Jacobs Solutions by 93.8% during the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock valued at $29,000 after purchasing an additional 121 shares during the last quarter. Park Place Capital Corp increased its position in shares of Jacobs Solutions by 473.9% during the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after purchasing an additional 218 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $42,000. Finally, Money Concepts Capital Corp bought a new position in shares of Jacobs Solutions during the 4th quarter valued at about $46,000. 85.65% of the stock is currently owned by institutional investors.

Insider Transactions at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,838 shares of company stock valued at $2,393,710. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Down 1.4 %

NYSE J opened at $142.97 on Thursday. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. 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 stock has a 50 day simple moving average of $147.64 and a two-hundred day simple moving average of $137.51. The stock has a market cap of $17.96 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last announced its earnings results 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. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm 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 company earned $1.67 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Analysts Set New Price Targets

Several brokerages have recently commented on J. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Truist Financial initiated coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. Argus increased their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their target price on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $154.08.

About Jacobs Solutions

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.