Steward Partners Investment Advisory LLC Decreases Stake in Jacobs Solutions Inc. (NYSE:J)

Steward Partners Investment Advisory LLC reduced its position in Jacobs Solutions Inc. (NYSE:JFree Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,682 shares of the company’s stock after selling 365 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Jacobs Solutions were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. Benjamin F. Edwards & Company Inc. raised its stake in shares of Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after purchasing an additional 75 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares in the last quarter. Souders Financial Advisors raised its stake in shares of Jacobs Solutions by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock valued at $565,000 after purchasing an additional 96 shares in the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of Jacobs Solutions by 4.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock valued at $342,000 after purchasing an additional 105 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Jacobs Solutions by 21.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 648 shares of the company’s stock valued at $88,000 after purchasing an additional 113 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

NYSE J opened at $138.30 on Friday. The company has a 50-day moving average price of $142.54 and a two-hundred day moving average price of $138.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73. Jacobs Solutions Inc. has a 52 week low of $114.09 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:JGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.07. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.81 earnings per share. Analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

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 issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Argus increased their price objective 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. Truist Financial dropped their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Finally, Citigroup increased 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. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.82.

Get Our Latest Report on Jacobs Solutions

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 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 $1,072,400.00. Following the completion of the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 at this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’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 $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $3,503,195 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions 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.

See Also

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

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