1,787 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:JFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,787 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new stake in Jacobs Solutions in the 4th quarter valued at $27,000. Union Savings Bank increased its stake in shares of Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Northwest Financial Advisors purchased a new position in shares of Jacobs Solutions during the 4th quarter worth $39,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Jacobs Solutions during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Argus lifted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Citigroup upped their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Robert W. Baird cut their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. StockNews.com raised Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.82.

View Our Latest Analysis on Jacobs Solutions

Jacobs Solutions Price Performance

Shares of J opened at $138.30 on Friday. The company has a market cap of $17.32 billion, a P/E ratio of 26.70, a PEG ratio of 1.59 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $114.09 and a fifty-two week high of $154.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average price is $142.54 and its 200 day moving average price is $138.99.

Jacobs Solutions (NYSE:JGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The business 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%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s payout ratio is presently 22.39%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 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 transaction of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the transaction, the insider now directly owns 541,138 shares in the company, valued at $75,450,871.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,000 shares of company stock valued at $3,503,195. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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