Van ECK Associates Corp Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Van ECK Associates Corp raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 104.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,405 shares of the company’s stock after buying an additional 5,813 shares during the period. Van ECK Associates Corp’s holdings in Jacobs Solutions were worth $1,480,000 at the end of the most recent reporting period.

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

Jacobs Solutions Price Performance

NYSE:J opened at $139.79 on Friday. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50. The stock’s fifty day moving average is $147.17 and its two-hundred day moving average is $138.31. The company has a market capitalization of $17.56 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.57 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.

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

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be issued a $0.29 dividend. 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 22.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on J shares. Truist Financial decreased their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday. Bank of America increased their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Argus lifted their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, 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 report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.25.

Insider Buying and Selling at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the transaction, the insider now owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the company’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 value of $274,096.00. Following the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. Insiders have sold 24,338 shares of company stock worth $3,618,695 over the last three months. Insiders own 1.00% of the company’s stock.

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.