Stifel Financial Corp Raises Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Stifel Financial Corp lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 40.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,925 shares of the company’s stock after acquiring an additional 18,836 shares during the quarter. Stifel Financial Corp owned 0.05% of Jacobs Solutions worth $8,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of J. Assenagon Asset Management S.A. grew its holdings in Jacobs Solutions by 5.6% during the third quarter. Assenagon Asset Management S.A. now owns 3,375 shares of the company’s stock valued at $461,000 after purchasing an additional 180 shares during the period. Keybank National Association OH bought a new position in Jacobs Solutions during the third quarter valued at $210,000. Moors & Cabot Inc. bought a new position in Jacobs Solutions during the third quarter valued at $200,000. Avantax Advisory Services Inc. grew its holdings in Jacobs Solutions by 21.7% during the third quarter. Avantax Advisory Services Inc. now owns 6,471 shares of the company’s stock valued at $883,000 after purchasing an additional 1,154 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of Jacobs Solutions by 1.4% in the third quarter. Amalgamated Bank now owns 32,641 shares of the company’s stock worth $4,455,000 after acquiring an additional 435 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

NYSE J opened at $138.30 on Friday. The stock’s 50-day simple moving average is $142.54 and its two-hundred day simple moving average is $138.99. Jacobs Solutions Inc. has a twelve month low of $114.09 and a twelve month 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 company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.60 and a beta of 0.73.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS 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 issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on J. Citigroup raised their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Truist Financial cut their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Bank of America raised their price target on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Robert W. Baird cut their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.82.

View Our Latest Analysis on Jacobs Solutions

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated 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 transaction, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated 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 transaction, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock worth $3,503,195. Company insiders own 1.00% of the company’s stock.

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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