Tennessee Valley Asset Management Partners Buys New Position in Jacobs Solutions Inc. (NYSE:J)

Tennessee Valley Asset Management Partners bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 456 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds have also recently added to or reduced their stakes in J. CWM LLC boosted its stake in Jacobs Solutions by 22.1% during the 3rd quarter. CWM LLC now owns 1,904 shares of the company’s stock valued at $260,000 after purchasing an additional 345 shares during the period. IFP Advisors Inc boosted its stake in Jacobs Solutions by 3.7% during the 3rd quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock valued at $296,000 after purchasing an additional 78 shares during the period. HB Wealth Management LLC boosted its stake in Jacobs Solutions by 10.4% during the 3rd quarter. HB Wealth Management LLC now owns 2,242 shares of the company’s stock valued at $306,000 after purchasing an additional 212 shares during the period. Park Place Capital Corp lifted its position in shares of Jacobs Solutions by 473.9% in 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 stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $342,000. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on J. Royal Bank of Canada raised their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Citigroup raised their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Truist Financial began coverage on Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at $8,527,717. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Up 0.4 %

Shares of J opened at $144.65 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $147.62 and a 200-day simple moving average of $137.78. The stock has a market cap of $18.18 billion, a PE ratio of 25.83, a PEG ratio of 1.52 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last issued 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 return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the firm posted $1.67 EPS. Jacobs Solutions’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side 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. Investors of record on Friday, February 23rd were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Jacobs Solutions Profile

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.