SVB Wealth LLC Acquires Shares of 1,617 Jacobs Solutions Inc. (NYSE:J)

SVB Wealth LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,617 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Jacobs Solutions by 22.1% during the 3rd quarter. CWM LLC now owns 1,904 shares of the company’s stock worth $260,000 after acquiring an additional 345 shares during the period. IFP Advisors Inc grew its stake in shares of Jacobs Solutions by 3.7% during the 3rd quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock worth $296,000 after acquiring an additional 78 shares during the period. HB Wealth Management LLC grew its stake in shares of Jacobs Solutions by 10.4% during the 3rd quarter. HB Wealth Management LLC now owns 2,242 shares of the company’s stock worth $306,000 after acquiring an additional 212 shares during the period. Park Place Capital Corp grew its stake 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 worth $36,000 after acquiring an additional 218 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter worth $342,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $144.65 on Wednesday. The business’s 50-day moving average price is $147.62 and its two-hundred day moving average price is $137.78. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $154.50. The stock has a market cap of $18.18 billion, a P/E ratio of 25.83, a PEG ratio of 1.52 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the firm posted $1.67 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued 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 0.80%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on J shares. Argus increased their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada increased their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. KeyCorp initiated coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Citigroup raised their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Truist Financial initiated coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Insider Buying and Selling at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock valued at $2,393,710 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.