National Bank of Canada FI Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

National Bank of Canada FI boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,539 shares of the company’s stock after buying an additional 120 shares during the quarter. National Bank of Canada FI’s holdings in Jacobs Solutions were worth $3,525,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Jacobs Solutions during the fourth quarter valued at approximately $27,000. First Pacific Financial acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth $27,000. Tennessee Valley Asset Management Partners purchased a new position in Jacobs Solutions during the 4th quarter worth $59,000. Private Trust Co. NA increased its position in Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after buying an additional 87 shares in the last quarter. Finally, Evolution Advisers Inc. purchased a new stake in Jacobs Solutions in the fourth quarter valued at about $77,000. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Argus upped their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Bank of America raised their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada raised 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. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.82.

Jacobs Solutions Price Performance

Shares of J opened at $139.24 on Monday. The business’s 50-day moving average is $146.89 and its two-hundred day moving average is $138.41. The company has a market capitalization of $17.43 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.60 and a beta of 0.74. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. Research analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company 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 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 other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’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 $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 231,604 shares in the company, valued at approximately $33,654,377.24. 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. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Company 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.