Jacobs Solutions Inc. (NYSE:J) CFO Sells $217,965.00 in Stock

Jacobs Solutions Inc. (NYSE:J) CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now owns 231,604 shares in the company, valued at approximately $33,654,377.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Jacobs Solutions Trading Up 2.2 %

NYSE:J opened at $148.19 on Friday. The firm has a market capitalization of $18.62 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $147.38 and a 200 day moving average of $138.05. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, research analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analyst Weigh In

J has been the topic of a number of research reports. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Royal Bank of Canada upped their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. Finally, Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $342,000. Commonwealth Equity Services LLC boosted its position in shares of Jacobs Solutions by 2.9% during the third quarter. Commonwealth Equity Services LLC now owns 60,623 shares of the company’s stock valued at $8,275,000 after purchasing an additional 1,722 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Jacobs Solutions by 29.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company’s stock worth $2,774,000 after purchasing an additional 4,565 shares during the period. Xponance Inc. raised its holdings in Jacobs Solutions by 1.8% in the third quarter. Xponance Inc. now owns 16,771 shares of the company’s stock worth $2,289,000 after purchasing an additional 290 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new position in Jacobs Solutions during the third quarter valued at $204,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.