CIBC Private Wealth Group LLC Has $822,000 Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

CIBC Private Wealth Group LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,335 shares of the company’s stock after buying an additional 720 shares during the period. CIBC Private Wealth Group LLC’s holdings in Jacobs Solutions were worth $822,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Boston Partners increased its stake in shares of Jacobs Solutions by 268.4% in the 4th quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after buying an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 134.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock worth $215,215,000 after purchasing an additional 951,369 shares during the last quarter. Baupost Group LLC MA acquired a new position in Jacobs Solutions during the 3rd quarter valued at about $66,583,000. Third Point LLC boosted its stake in shares of Jacobs Solutions by 32.8% in the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after purchasing an additional 445,018 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its position in shares of Jacobs Solutions by 117.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after buying an additional 332,053 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on J. Bank of America raised their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Truist Financial dropped their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. StockNews.com upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 5th. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Finally, Argus boosted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $156.82.

View Our Latest Research Report on J

Jacobs Solutions Trading Up 0.7 %

Shares of NYSE:J opened at $140.02 on Tuesday. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.60 and a beta of 0.73. Jacobs Solutions Inc. has a 12 month low of $114.09 and a 12 month high of $154.50. The company’s fifty day simple moving average is $142.02 and its 200 day simple moving average is $139.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings results 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 firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. As a group, research analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The shares were 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 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 accessible through this hyperlink. In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,000 shares of company stock worth $3,503,195. 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.

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

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