27,907 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, Holdings Channel.com reports. The firm acquired 27,907 shares of the company’s stock, valued at approximately $3,622,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Jacobs Solutions by 29.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company’s stock worth $2,774,000 after buying an additional 4,565 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Jacobs Solutions by 14.7% in the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock worth $10,988,000 after acquiring an additional 10,296 shares during the period. IFM Investors Pty Ltd increased its stake in Jacobs Solutions by 3.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 12,551 shares of the company’s stock valued at $1,713,000 after purchasing an additional 364 shares in the last quarter. Advisor Partners II LLC increased its stake in Jacobs Solutions by 1.9% in the 3rd quarter. Advisor Partners II LLC now owns 6,256 shares of the company’s stock valued at $854,000 after purchasing an additional 117 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Jacobs Solutions during the third quarter worth $724,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J opened at $139.79 on Friday. The stock has a market capitalization of $17.56 billion, a PE ratio of 26.99, a P/E/G ratio of 1.57 and a beta of 0.74. The company’s 50 day simple moving average is $147.17 and its 200 day simple moving average is $138.31. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year 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.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $1.81 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the sale, the insider now directly owns 548,138 shares of the company’s stock, valued at approximately $78,855,132.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the sale, the insider now directly owns 548,138 shares in the company, valued at approximately $78,855,132.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,338 shares of company stock worth $3,618,695. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird dropped their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday. Argus raised their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Citigroup raised their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Truist Financial reduced their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.25.

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.